Some ING questions

Brettster · #1 10-29-2006, 05:15 PM

I'm considering putting 10k into an ING account. I'm not sure if its even the best online savings account to use, the rate is 4.40%. Also I saw they have mutual funds. I dont know if I should do that instead, I'm probably going to need the money in about 11 months for a down payment on a home so that might not even be an option.

punkass · #2 10-29-2006, 06:26 PM

11 months? no risky investments for you. Especially for a down payment for a house.

Emigrantdirect - 5.05%

If you definitely know you won't need it for a year, you can browse around for a 1 year CD, but it'll be marginally better than 5.05%.

Brettster · #3 10-29-2006, 06:42 PM

yea I looked at emigrant, is there service just as good as ING?

punkass · #4 10-29-2006, 06:51 PM

[ QUOTE ]
yea I looked at emigrant, is there service just as good as ING?

[/ QUOTE ]

I like ING's interface. I think it's more user friendly.

But Emigrants site is easy to use as well. Setting up an account is easy. Transfers, or setting up recurring transfers, is easy. No complaints from me. I had to call their CS once when they switched to a more secure login screen and my login didn't work. They quickly gave me half of the password, and emailed the other half. Easy.

I recommend them.

Brettster · #5 10-29-2006, 07:11 PM

Thanks I just signed up.

gull · #6 10-29-2006, 07:16 PM

E-loan offers 5.5%. HSBC and Emigrant offer 5.05%. Citi and WAMU offer 5%. ING offers 4.4%.

krishan · #7 10-30-2006, 10:40 AM

[ QUOTE ]
E-loan offers 5.5%.

[/ QUOTE ]

Wow, some good stuff here.

Krishan

krishan · #8 10-30-2006, 01:08 PM

[ QUOTE ]
[ QUOTE ]
E-loan offers 5.5%.

[/ QUOTE ]

Wow, some good stuff here.

Krishan

[/ QUOTE ]

Just opened an e loan account. So now I have linked,

checking->ing->ED->eloan

nice

Krishan

yellowbastard · #9 10-31-2006, 02:09 AM

Can anyone confirm whether the E-Loan savings account is FDIC insured?

34TheTruth34 · #10 10-31-2006, 02:28 AM

[ QUOTE ]
Can anyone confirm whether the E-Loan savings account is FDIC insured?

[/ QUOTE ]

from their website's FAQ:

E-LOAN is an affiliate of Banco Popular North America (BPNA), a New York state chartered bank insured by the FDIC. All deposits are insured for the maximum amount allowed by law. E-LOAN accounts and other accounts with BPNA are combined for FDIC insurance. For more information on FDIC Insurance coverage, please visit www.fdic.gov.