Saturday, June 26, 2010 - 4:46 PM
ING -- If Only Your Rates Were Better!ING DIRECT
ING has by far the coolest and most enjoyable online presence and interface of any bank I know. Attracted by those hypnotic bouncing orange balls and a $50 account-opening bonus, I opened an Electric Orange Checking account a few months ago. The account opening went smoothly and the bonus arrived as promised after I made the required debit card transactions. By then I was hooked on the wonderous online interface, which includes easy ACH transfers. But I'm not sure I will end up being able to make all that much use of the bank. When it comes down to it, the rates are just not good enough to offer much motivation, and there's nothing else, like out of network ATM rebates, to draw me in. I fear ING is going to turn out to be another one of those supercool things that I want to love, but just can't justify in economic terms. For now, though, I'm content to hang onto my account and keep my eye on the bouncing orange ball in case any good deals come along.
19 posts since
Jun 24, 2010
Rep Points: 65
1. Monday, June 28, 2010 - 6:45 AM
I know exactly how you feel. I love using ING Electric Orange for bill pay, but with a meek 0.24% rate it doesn't pay to keep much in there. So, I make use of their Orange Savings at 1.10% to store larger amounts, which can be transferred immediately to Electric as bills come due. I've also linked ING with my Capital One Savings account (1.50% including quarterly bonus), which allows 3-day ACH transfers to Orange Savings.
21 posts since
May 22, 2010
Rep Points: 82
2. Monday, July 5, 2010 - 11:41 AM
Agreed. ING Direct has a very user friendly interface. Unlike most other banking sites, your account number and routing number are easy to find, and showing how much interest you earn daily is something I like.
3 posts since
Jun 8, 2010
Rep Points: 5