An Overview of ING Direct
By: Morgan Hamilton | Posted: 26th January 2007
Are you looking for a convenient banking website? If you are, then you should give ING Direct a try. This online banking website offers services with no fees attached because it is unlike the traditional brick and mortar banks. This online bank is FDIC insured, and has strong security measures in place to keep the depositors’ information private and confidential. ING Direct also provides great services such as savings accounts.
The savings accounts on ING Direct have higher interest rates than other banks because they don't charge the overhead fees that banks with local branches normally charge their customers. You don’t have to pay fees, minimum deposits, withdrawal charges with this online bank. You can have multiple accounts with different names for saving and other purposes with ING Direct. The savings accounts that are offered by this online banking are linked to a checking account at your local bank. This way funds transfers between banks can be made faster and more convenient.
You cannot open a checking account with ING Direct. However, they do offer other services like mortgages, home equity loans, mutual funds and CDs of varying lengths. You can benefit from the very low closing costs and the absence of application fees for mortgages with this online bank. You can borrow a large amount at home equity loans at a low rate. There will be no application fees, no annual fees and no prepayment penalties for this service.
ING Direct also allows you to purchase a certificate of deposit (CD) for as short as a 6-month period and offers a very good interest percentage on your money. Anyone can afford CDs because they have no minimums. This is one of the best offers available if you are capable of keeping money in for as short as 6 months.
You can schedule direct-deposit transfers to your savings accounts which will automatically be taken from your checking account with this online bank. This feature is user friendly, and you can easily find a way to save money because of the decent interest rate. You can also benefit from rewards if you refer some of your friends to ING Direct. This online bank will deposit $25 into your account if your friend decides to sign up for a new account. You can earn and save money with this great feature.
About the Author:
Morgan Hamilton offers expert advice and great tips regarding all aspects concerning ING Direct. Visit our site for more helpful information about ING Direct and other similar topics.
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Tags: brick and mortar, checking account, security measures, home equity loans, traditional brick, closing costs, local bank, interest rates, mutual funds, direct deposit, best offers, application fees, depositors, fdic, certificate of deposit, prepayment penalties