Post # 1
I was commenting the other day to my boss that I have been saving for the wedding. She suggested getting an ING account (probably because that is what she has!). I was looking over the ING website, but honestly, I don’t know anyone who has an account with them.
If any of the bees do, would you mind sharing the pros and cons of ING?
Post # 3
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
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
I used ING for our wedding savings. I’ve been a “saver” with them since 2004, and they’re great!
Post # 6
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
I have ING for both my personal savings and for a joint savings with my fiance. I’m very happy with them.
– 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
– 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
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 # 9
Very helpful, bees! Thank you!
Post # 10
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
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
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!