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ING Direct 3.00% Orange Savings Account Archived From: Finance

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alert mods    

it seems as though you'd need to have to be 16 or older.


alert mods    

<< Is it possible to open a saving account (ING) for my children (age 7, and 10),
then link their account to my checking (for accessability)?

Thanks
>>

Yes, you can. I have done for my kids and it is joint account and linked to my checking account.


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Get ready for another more by Emigrant. Now that ING is catching up. This is getting interesting. Some here thought these guys would be dropping rates. Looks like they will continue higher through the rest of 2005. Especially if the FED makes another move shortly.

Rob


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some one please call ING and tell them that ED is offering a APY of 3.3 %


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manuvns said:some one please call ING and tell them that ED is offering a APY of 3.3 %

why don't you do it? what do you think they will do. This isn't Staples they won't Pricematch.


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Thanks OP. I finally decided to install Microsoft Money 2004 that I got FAR last year, and get in on the $50 bonus offered here.


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ucsdgaspasser said:Minoritydan said:If you have the software, sure. DO whatever gets you the most money.

You do not need the software, just the code (look here )and the code is 58978755 (enter in the bottom box). Stop talking about a $25 bonus! It is actually $50!!!


I tried to use this code and got an error message that it's no longer valid.


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Never mind - I called the account in and they applied the rebate manually.


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Gee. Is this the same ING group that runs the ING Direct account we are talking about?

ING Group is a Forbes top 10 largest company in the world!


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Yup. International Netherlands Group. They've been around forever. The ING Direct part is relatively new.


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I never knew they were from the Netherlands. I just got my account set up. Very nice format for there website (definately better them EG's) Painless setup of it, automaticaly has my free 50.00 in the account.

Thanks for this tip for the 50.00!


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ING did not have a strong retail banking in US, that was why they created INGDirect
to penetrate this market withou building any physical branches.


alert mods    

<< Is it possible to open a saving account (ING) for my children (age 7, and 10),
then link their account to my checking (for accessability)?

Thanks
>>

<< Yes, you can. I have done for my kids and it is joint account and linked to my checking account. >>

dsmking,
When you say joint acccount, you mean joint between a child and an adult?
Can you still taking advantage of no tax or low tax rate for kids?


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how secure is ING? what is the negetive side?


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raajaji said:how secure is ING? what is the negetive side?

The only negative is that it can take up to 3 days for a transfer to go through. Some other online banks do not take as long.


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Another problem with ING is that they do not start paying interest until two days after you deposit funds. Other banks, like Emigrant Direct, pay interest starting on the day of deposit.


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I'm very hapy with ING Direct. It takes a day for my BOA account to give ING the money and a day for ING to update their records. Then I start earning interest. I wouldn't excpect ANY bank to give out interest before they even have the money deposited.


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raajaji said:how secure is ING? what is the negetive side?

ING is just as secure as any FDIC insured bank. 'negative' sides are a matter of opinion..

some people prefer banks that are B&M rather than just online.


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Just opened an orange account with 250.. got MS Money $50 extra (x-mas present that im sure giver got FAR since UPC was missing... cheap brother, but finally made a good gift). I like the way this ING thing works, So i moved most my savings there in addition to my 300.. Great deal FWers

Definately beats the .2 APY I was getting at USBANK..


alert mods    

so typically it typically it takes 3 days to transfer funds from a checking account.
i.e. i request $100 to be sent from my checking account to ING Direct, it will be in my ING Direct account by Thursday? and vice versa?


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