ING Direct is an online banking web site that is very convenient for people. Since it is not the kind of bank with branches, but rather an online bank, ING Direct offers services without fees attached.
One kind of service that ING Direct provides is savings accounts. Savings accounts on ING Direct typically have higher interest rates than other banks, simply because they don't have the overhead fees of banks with local branches. There are no fees, no minimum deposits, no withdrawal charges, and you can have multiple accounts with different names for saving for different purposes. ING Direct savings accounts are linked to a checking account at your local bank for the purposes of making transfers back and forth. They do not use snail mail.
ING Direct does not offer checking accounts. They do, however, offer mortgages, home equity loans, mutual funds and also CDs of varying lengths. There are very low closing costs and no application fees for mortgages. Home equity loans have a large amount you can borrow, at a low rate, and have no application fees, no annual fees and no prepayment penalties. You can purchase a certificate of deposit (CD) from ING Direct for as short as a 6-month period and get a very good interest percentage on your money. CDs also have no minimums, so anyone can afford them. If you can keep money in for as short as 6 months, ING Direct offers one of the best interest rates around.
ING Direct allows you to schedule direct-deposit transfers to your savings accounts which will automatically be taken from your checking account. It is very easy to use, and easy for anyone to find a way to save money at a decent interest rate.
There are even rewards for referring friends to ING Direct. If you refer a friend and they sign up for a new account, ING will deposit $25 into your account. It's a good way to make extra money, and a legitimate way to save money.
ING Direct is FDIC insured, and has strong security measures in place to keep your information private and confidential. The web address is www.ingdirect.com .
Muna wa Wanjiru is a Web Administrator and has been researching and reporting on Internet Marketing for years. For more information on online Banking, visit his site at Online Banking
