(Closed) ING: Anyone Use Them?

posted 8 years ago in Money
Post # 3
Member
443 posts
Helper bee
  • Wedding: October 2010

I have a couple of savings accounts with them and have for years. I saved for the wedding with ING because the interest rates tend to be better (for savings, I don’t know about CD’s and things like that). 

Pros: interest rate, automatic savings plans, link to your current bank account (you could bank just with ING, but I have an account with a local bank too) uh…easy to use…no fees…

Cons: if you have a savings account linked to your home bank’s checking account, transfers take two days. This wasn’t a big to me, I just had to plan ahead. ING does offer checking though, so this would kind of eliminate the two day wait issue.

I guess there aren’t huge pros and cons like there would be at a free standing bank beside the rates, though I suppose if you shopped around enough, you might get better rates somewhere else. ING is super easy and very convenient, so that’s why I chose them. Plus you can open as many accounts as you like – I have about 5 going right now, and I’m able to name them all different things, like “household” “wedding” “Christmas fund” etc, and have a certain amount of money go into each account each week or every other week – whatever you want. It helps me feel organized!

Post # 4
Member
641 posts
Busy bee
  • Wedding: November 2011

My Dad uses them and has been telling me for years to open up an account.  Now that we are saving for the wedding, I might just have to listen to his advice:)

Post # 5
Member
3620 posts
Sugar bee
  • Wedding: September 2010

I used ING for our wedding savings. I’ve been a “saver” with them since 2004, and they’re great!

Post # 6
Member
443 posts
Helper bee
  • Wedding: October 2010

This is more helpful than my ramble, lol: http://helpcenter.ingdirect.com/

it explains how your money is FDIC insured, how you access your account, etc. 

Post # 7
Member
5148 posts
Bee Keeper
  • Wedding: June 2011

I have ING for both my personal savings and for a joint savings with my fiance. I’m very happy with them.

Pros:
– better interest rate than an average bank
– FDIC insured, it is a real bank and has the protection to go along with it
– easy to create seperate accounts for saving for different things
– easy to set up both personal and joint accounts

Cons:
– takes 2 days to transfer money out of savings

If you want, I can send you a “friend referral”. If I “refer” you, and you open an account with $250, I’ll get a $10 referal bonus and you’ll get a $25 account opening bonus.  Just shoot me a private message with your name and email address.

Post # 8
Member
2742 posts
Sugar bee

I use them and have for years but their savings rate is NOT that great. Maybe if you have about $10,000 or so it starts adding up. But it was better than my meager Citi account. I also use SmartyPig. It’s pretty awesome too.

Post # 10
Member
769 posts
Busy bee
  • Wedding: March 2010

I use them (and really like them) for savings/CDs.  Their savings rates have gone down a lot in the last few years (like everywhere), but it’s still better than what I can get w/ my brick and mortar bank.  I still use a traditional bank for my checking account.

Post # 11
Member
144 posts
Blushing bee
  • Wedding: September 2010

I’ve been using ING forever and I love them. I got my then-boyfriend to start saving using an ING account and there’s where the engagement ring money came from, as well as our wedding money. I like that it’s automatic so you don’t even need to think about saving.  I’ve earned hundreds of dollars in interest since I’ve started, which is pretty damn good.

Post # 12
Member
659 posts
Busy bee
  • Wedding: March 2011

I opened my ING savings account in ’05 when my interest was about 3.5% which did add up.  Now it’s like 1%.  I like having money there that I can’t touch easily and it really just sits there and grows (even if more slowly now!). 

they have good customer service and it’s very easy to use.  It’s a great way to put money in a place you can’t use every day when you want to save up.  I even put my tax returns right in to there!

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