I am sure it might be dumb question. But please clarify me for the sake of my confidance !!

1. Are these on line accounts are safe to save money? There is huge difference in APY when compared to regular B&M banks.

2. Can we tranfer money between two online accounts? i.e between ING Direct & Emigrant?

I opened the ING account, got the $50 then moved to ED when they jumped up to 3.25.

Can you link Emigrant Direct with ING so one can transfer money back and forth without having to go through your linked checking account? Thus, it would be faster to move our money with whoever has the higher rate.

Thanks for the info.

FW friends :
I am still waiting for the answers from any of you. Can you please answe :

1. Can we tranfer money between two online accounts? i.e Can we link ING Direct & Emigrant accounts?


2. I recieved a link (referal) from my friend. It is showing that I will get $25 if I open an account. How to receive $50?

Emigrant Rounting Number -- 226070319

ING Direct Routing Number -- 031176110

When you sign up for Emigrant, you can link ING if you specify ING as your "external checking" when you sign up online. YOU must do this First, as your primary checking account. Then you can link your second "real" checking account by sending EDB a check from your bank.


To add a second checking account you must mail in a check made out to EmigrantDirect for at least one dollar with your EmigrantDirect account number and the words “additional external account” on the Memo line. The name on the accounts must be the same. We can only accept your personal check as a second linked checking account. For your protection, EmigrantDirect places a temporary restriction on transfers to new linked accounts for up to 8 business days

I tried to fund it from a credit union savings account (no free checking there). Two small deposits went through (and I confirmed them), but then the pull failed. ING closed the account!

I called and they opened a new Orange Savings and credited the bonus. The same CU account is still linked. They said they'll try to pull via ACH again, but I am pretty sure it will fail.

ED is currently advertising 3.25% APY, which it has been for a little while now. There are rumors that they are in the process of going to 3.3% APY, but I haven't seen any changes in my account or on their website yet. Your account data is a bit confusing, because your current rate of 3.2 amounts to an APY of 3.25, which is what I see in my account, but it doesn't make sense that your last statement APY was higher than it is now.

Gonzaga8 said:So, since I already have ING and Emigrant accounts, can I later link the two?

I think you need to open up a new account at EDB with ING as the initial funding account. I have multiple accounts there, so this can be done.

You can link a second account by sending them a check ... dont think you can write a check off your ING...

Dan

This isn't completely on topic but does anyone put money in ING's mutual funds. I havn't yet graduated college and don't have a ton of money but I was thinking about putting 1k-2k in an ING mutual fund partly to earn a little more interest and partly to get some experience with funds.

What are the chances the ing bond fund would earn more than the savings account in the next year or so. I'm thinking bond becuase of the lower risk and ING becuase they allow as little as 1000 investment.