When I was looking for a high interest savings account over a year ago, the ING Direct Savings Account offered some of the highest interest rates. And, because of that, I opened an ING Orange Savings Account.
Unfortunately, over time the interest rates at ING fell significantly, but I still use them for my online savings account. While the interest rates are not the highest today, I still really like my ING Orange Account.
Savings are a tricky business sometimes, even though most savings accounts are the simplest form of banking available. The trick with savings is knowing not only how much to store in these (usually) variable-interest accounts, but where to go to get the best return on your savings while your money is there.
Of course, banking is a competitive business and a lot of banks have compelling offers. We review those offers and bring you the ones we believe are the best for most situations at any given time. Right now, that seems to be what's found in an ING savings account.
ING Orange Savings Account
The Orange Savings Account, as they call it, often has very high yields; higher than most of the competition. Currently, an ING savings account is showing a 1.25% annual percentage yield (APY). There are no minimums and no fees associated with this either.
To allay any fears, ING Direct savings account and other banking offers are FDIC insured to the fullest extent of the law as ING Direct is separate from the investment arm of this bank.
Opening an ING Orange Savings Account can be done online and the account can be linked to checking for easier transfers. With a 1.25% APY, this account yields higher returns than most other savings options available in standard of even high yield savings nationally.
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Best bank out there – hands down.
How often do people rave about a bank to their friends? Almost never, but I’m constantly trying to get my friends to switch over.
Austin @ Foreigner’s Finances