Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Any ING Direct customers here? Thoughts?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » The DU Lounge Donate to DU
 
bbernardini Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 06:37 AM
Original message
Any ING Direct customers here? Thoughts?
I'm looking for a savings account, and my guitarist highly recommended ING Direct. It looks like their interest rates are significantly higher than those of our current bank. Anybody here had any experience with them? They get quite a good rating on epinions.com.
Printer Friendly | Permalink |  | Top
Crazy Dave Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 07:01 AM
Response to Original message
1. I don't use them personally but I've heard nothing bad
Edited on Wed Jul-19-06 07:03 AM by DaveTheWave
Do some more research though as there's even better rates than theirs. All my banking has been done online for the past three years with no problems.

Also try HSBC at: http://www.hsbcdirect.com/

HSBC is advertising 5.05% while ING is at 4.35%
My local credit union is giving me 5.30% for an 18 month CD.
Printer Friendly | Permalink |  | Top
 
LynneSin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 09:05 AM
Response to Reply #1
5. I'm going to give you 1 reason why I would never consider HSBC
Serious-ass Bush Supporters

ING, on the otherhand, is pretty neutral.
Printer Friendly | Permalink |  | Top
 
Crazy Dave Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 09:09 AM
Response to Reply #5
7. I don't use them personally
Just noticed their online rates. As I mentioned, my local has both beat by almost a half percent and it's a local credit union that invests locally by their quarterly reports.
Printer Friendly | Permalink |  | Top
 
swag Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 08:07 AM
Response to Original message
2. They are great. They were started with the consumer in mind,
Edited on Wed Jul-19-06 08:07 AM by swag
no fees, rates move up with (but lag) Fed Funds rates, and you can have money auto-deducted from your bank account on a scheduled basis.

Caveat: federal regs limit withdrawals from online savings accounts to two per year.

Some other online copycats offer higher rates (emigrantdirect.com, hsbcdirect.com, etc.), but I have heard some bad things about service.

The Orange Savings account currently has an APR of 4.35%.
Printer Friendly | Permalink |  | Top
 
bbernardini Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 08:25 AM
Response to Reply #2
3. Federal regs question...
When you say "withdrawals," does that include transfers to my regular checking account?
Printer Friendly | Permalink |  | Top
 
swag Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 09:26 AM
Response to Reply #3
10. Guess what? I was very wrong. 6 withdrawals per month is the limit.
They do include transfers back into your checking account.

I'll edit my original answer if there's still time.
Printer Friendly | Permalink |  | Top
 
pitohui Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 06:29 PM
Response to Reply #10
37. heh heh was abt to call you on that one
glad you caught the error
Printer Friendly | Permalink |  | Top
 
doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 08:59 AM
Response to Original message
4. I wouldn't open an account with them unless they agree to
take those commercials off of TV and destroy all copies of them.
Printer Friendly | Permalink |  | Top
 
bbernardini Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 09:08 AM
Response to Reply #4
6. Thank god the "Head On" people don't run an online bank! nt
Printer Friendly | Permalink |  | Top
 
doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 09:09 AM
Response to Reply #6
8. ?
Printer Friendly | Permalink |  | Top
 
bbernardini Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 09:20 AM
Response to Reply #8
9. Some headache relief thing or something.
Annoying repetitious commercial.
Printer Friendly | Permalink |  | Top
 
doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 09:28 AM
Response to Reply #9
11. I don't recall seeing that one, the ING and the Burger
King ones with the guy in the King suit and the big Huckin Chicken ones are creepy. I love the Gieco Gecko and the Aflac duck.
Printer Friendly | Permalink |  | Top
 
Orangepeel Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 10:51 AM
Response to Reply #9
13. Head On: apply directy to the forehead
Head On: apply directy to the forehead
Head On: apply directy to the forehead
Head On: apply directy to the forehead
Head On: apply directy to the forehead
Head On: apply directy to the forehead
Head On: apply directy to the forehead

:D

Do you think a copywriter got paid for that?
Printer Friendly | Permalink |  | Top
 
ChavezSpeakstheTruth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 01:35 PM
Response to Reply #4
22. When I worked for them they played them in the hallways all day
So I agree


I worked in the marketing department and let me just say - oy vey! You never went to watch an all employee pep rally! Be thankful.
Printer Friendly | Permalink |  | Top
 
ronnykmarshall Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 01:47 PM
Response to Reply #22
25. I betcha you looked cute ..
in your little cheerleader outfit.
Printer Friendly | Permalink |  | Top
 
ChavezSpeakstheTruth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 02:32 PM
Response to Reply #25
26. Oh you have no idea
Printer Friendly | Permalink |  | Top
 
ronnykmarshall Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 06:09 PM
Response to Reply #26
35. Yummy!
Brad Pitt eat your heart out.
Printer Friendly | Permalink |  | Top
 
bbernardini Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 10:47 AM
Response to Original message
12. Anybody know of others that are blue or neutral with better rates?
Alas, my wife is concerned about the final monetary gain (as we don't have much), and would prefer the higher APY of the HSBC Direct.
Printer Friendly | Permalink |  | Top
 
swag Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 11:07 AM
Response to Reply #12
14. Here's a starting point for research. Have no idea re: blue.
http://www.bankrate.com/brm/rate/mmmf_highratehome.asp?web=brm¶ms=US,416&prodtype=chksav&market=416&product=33&state=US&sort=2
Printer Friendly | Permalink |  | Top
 
swag Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 11:10 AM
Response to Reply #12
15. This might also help. Might not.
http://www.buyblue.org/search/node/banks
Printer Friendly | Permalink |  | Top
 
bbernardini Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 12:31 PM
Response to Original message
16. I think I found one!!!
Emigrant Direct. The president of the company has made large donations to Dems almost exclusively.
Printer Friendly | Permalink |  | Top
 
swag Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 12:39 PM
Response to Reply #16
18. 4.88% is pretty tasty.
And if the Fed raises again in August, that interest rate will enjoy a bump.

Nice work.
Printer Friendly | Permalink |  | Top
 
ChavezSpeakstheTruth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 01:36 PM
Response to Reply #18
23. What's your credit card rate?
If you're one of the rare lucky ones that don't have one then that is good.
Printer Friendly | Permalink |  | Top
 
swag Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 04:24 PM
Response to Reply #23
28. If I have a balance, I pay it off on the next bill.
But yes, your point is well taken that it's best to have no credit card debt, because borrowing at such high rates is a loser's game.

Still I have no problem with people automatically accumulating savings while simultaneously paying down a small credit card debt. Psycho Suze may disagree, but better to have cash on hand for emergencies, etc., than to be forced to further ramp up credit card debt when faced with a sudden need.
Printer Friendly | Permalink |  | Top
 
ChavezSpeakstheTruth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 04:37 PM
Response to Reply #28
30. That's what Cassandra and I are doing - plus studant loans - oy!
Personally I love ING Direct - they fed me for a couple of years.
Printer Friendly | Permalink |  | Top
 
swag Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 04:40 PM
Response to Reply #30
31. Keep goin'. You'll be all dug out of it soon.
It's so nice when that goddamned debt is finally gone.

At least a student loan is an investment in something, so it's not such a bad thing.
Printer Friendly | Permalink |  | Top
 
ChavezSpeakstheTruth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 04:44 PM
Response to Reply #31
32. Exactly
Edited on Thu Jul-20-06 05:03 PM by ChavezSpeakstheTruth
It's tough now but the earning potential of an advanced degree more than makes up for it.

Hopefully :D
Printer Friendly | Permalink |  | Top
 
swag Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 04:52 PM
Response to Reply #32
33. It's valuable to discuss this to
plan our future cocaine buys.
Printer Friendly | Permalink |  | Top
 
ChavezSpeakstheTruth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 05:01 PM
Response to Reply #33
34. And weapons purchases
Edited on Thu Jul-20-06 05:03 PM by ChavezSpeakstheTruth


Also - the subject line was due to my not keeping tabs on my form filler. I meant to say "exactly" - not what I said. I will edit if I have time.
Printer Friendly | Permalink |  | Top
 
MorningGlow Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 12:37 PM
Response to Original message
17. I have an account with them
They've been fine so far--I like the recent 4+% rate and it's easy to transfer money to the account and from the account. Haven't had any problems. The only drawback was when I called customer service because I had a question about my account, the rep, although very friendly, weasled around to trying to pitch me a refi mortgage, even though we had only bought our house a few months before. The drawback? Variable rate. NUH-UH. But she remained friendly even after I said no.

So, overall, I'd say they're good!

:hi:
Printer Friendly | Permalink |  | Top
 
HEyHEY Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-19-06 12:40 PM
Response to Original message
19. That Dutch guy from the commercial gives lousy head.
Printer Friendly | Permalink |  | Top
 
ChavezSpeakstheTruth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 01:28 PM
Response to Reply #19
20. whoops - wrong place
Edited on Thu Jul-20-06 01:29 PM by ChavezSpeakstheTruth
Printer Friendly | Permalink |  | Top
 
ChavezSpeakstheTruth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 01:30 PM
Response to Original message
21. I worked for ING for 2 years
Edited on Thu Jul-20-06 01:33 PM by ChavezSpeakstheTruth
So of course I was a customer

ING Direct is their biggest money maker - no branches so no overhead. That being said their rate has been like 2 to 6% - so if you have any debt or credit you will still be losing money.
Printer Friendly | Permalink |  | Top
 
ronnykmarshall Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 01:44 PM
Response to Original message
24. They are great.
Easy to use website and the savings rates are very high.
Printer Friendly | Permalink |  | Top
 
denverbill Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 03:30 PM
Response to Original message
27. My wife & I both have accounts there.
I haven't had any problems with them.

Just be aware that moving money out takes an extra couples days to reach your checking account.
Printer Friendly | Permalink |  | Top
 
skygazer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 04:29 PM
Response to Original message
29. I have an Orange Savings account and I love it
I have ten dollars automatically deposited weekly - doesn't sound like much but it adds up. I also dump any surprise amounts I get - gifts of money, tax return checks, vacation checks, etc. - into my account. The interest adds up nicely and what I like is the fact that the money is not so easy to access that I blow it but available if I really, truly need it.

I've saved a couple of grand this way and I'm quite happy with it.
Printer Friendly | Permalink |  | Top
 
pitohui Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-20-06 06:28 PM
Response to Original message
36. they are wonderful, been using them for years
a terrific savings vehicle i can highly recommend
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sun May 05th 2024, 10:15 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » The DU Lounge Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC