|
|
Post by countrygal on Feb 28, 2008 15:13:20 GMT -5
Does anybody know anything about ING Direct? It is an online bank where you can transfer money into a savings account and earn 3% interest. Sounds too good to be true. Wondered if anyone knew anything about it.
|
|
|
|
Post by Clipper on Feb 28, 2008 15:17:28 GMT -5
I know about as much as you do. I have seen the commercials and the bus stop benches on TV. Sounds too good to be true, and may well be so. Be careful kiddo, until ya can find out for sure, before ya put any private info in there.
I am afraid to do much of anything online any more, with all the overseas scams going around. If ya get burned from overseas, there isn't much you can do to repair it. I know ING is a legitimate business, but is the thing you are looking at, a legitimate message from or about them, that is what is scarey.
|
|
|
|
Post by countrygal on Feb 28, 2008 15:44:00 GMT -5
It's FDIC insured. I guess that means it's legit right? Oh, don't worry, I'm to stingy to be puttin my money anyplace strange. That's why I'm askin questions!!
|
|
|
|
Post by Clipper on Feb 28, 2008 15:48:11 GMT -5
Well, if it is FDIC insured, it has to be okay. I imagine you two didn't get where you are today, by making poor financial decisions, haha. Farming is a big enough gamble in itself, LOL.
Good luck kiddo whatever you decide to do. Greetings to hubby and the critters.
|
|
|
|
Post by Swimmy on Feb 28, 2008 16:12:08 GMT -5
I came across an offer that HSBC had last year. I never took advantage of it, but if you created an online account, you could earn about 5% interest. I e-mailed them to make sure it wasn't a phishing scam. The woman who replied explained that with the online account, there is not as much overhead cost in maintaining the accounts, e.g. mailing banking statements. So they can generate more money in interest for us.
Sounds like it might be worth your efforts to investigate a little more. I've seen tv commercials for ING but never looked into it beyond that.
|
|
|
|
Post by dgriffin on Feb 28, 2008 18:06:28 GMT -5
Countrygal: I’m not an ING customer, but I did a little googling. ING offers a variable rate that can vary daily. Basically you set up a link from your current checking account to ING and make transfers to and from your ING account. So it takes advantage of the money transfer system already in place among banks that is used to pass money around in regards to written checks. Transfers may take 2 or 3 days. I did a Google search “ING Direct problems” and found the following. Overall, customers are pretty positive. forums.kiplinger.com/showthread.php?t=2222www.thriftyfun.com/tf56354852.tip.htmlwww.epinions.com/content_126935142020 |
|
|
|
Post by countrygal on Feb 28, 2008 18:30:12 GMT -5
Thanks so much Dave for taking the time to look all that up. I think I'm gonna put an amount in an ING account and see what happens. We are taking the kids to Disney later in the year, so maybe I'll have extra money for the trip.
|
|
|
|
Post by Swimmy on Feb 28, 2008 18:32:44 GMT -5
Good luck, and let us know what you think about ING's service.
Enjoy Disney. I'm jealous!
|
|
|
|
Post by countrygal on Feb 28, 2008 19:12:39 GMT -5
Thanks and I will.
I LOVE Disney. I went on my honeymoon and we took the kids in 2006. Stayed in a wonderful townhouse. Really inexpensive. This year, gonna spring for the Wildnerness Lodge I think. More money so I hope ING comes through for me. Can't wait, can't wait, can't wait!
|
|
|
|
Post by frankcor on Feb 28, 2008 23:52:33 GMT -5
They're legit. And they actually have some decent earnings. I won't be investing in the financial sector in the near future but their earnings compare with some of the bigger banks. Just remember, banks are not your friends.
|
|
