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ING Direct Savings Account Review

Orange Savings Account from ING Direct is one of the highest-paying online savings account available in the market today. ING Direct is a FDIC insured national bank offering one of the highest savings rates with no fees and no minimums.

Features of The Orange Savings Account

  • No Fees
  • No Minimums
  • FDIC Insured ( deposits are FDIC–insured up to $250,000 per depositor).

ING Direct Interest Rates

Since the interest rate change constantly, Please visit the ING Direct website to see the current Annual Percentage Yield (APY).

Interest on your ING Direct savings account is accrued daily, compounded monthly and credited to your available balance at the end of each month.

Transfer between accounts

ING Direct lets you to link your online savings account to any other account to initiate a deposit or withdrawal between your accounts online, like any other online savings accounts

You can also do the transaction by phone one of the following ways:

Interactive Phone Service with 24/7 access at 1-888-464-7868.
Speak to an ING Direct Associate at 1-888-464-0727 ( 8 AM to 8 PM )

Withdrawals Limits

Orange Savings Account has a limit of 6 withdrawals per calendar month.

Account Opening Process

In a few easy steps you can open your account online, or call 1-800-464-3473 to speak to a customer service agent.

Besides Orange Savings Account , you have a few other options at ING Direct including Electric Orange Checking, Orange CDs ( High yields with terms ranging from 6 to 60 months) and Kids Savings Account. Visit ING Direct for more information.

Write your ING Direct Review

Have you used ING Direct’s “Orange Savings Account”? What do you think about their interest rate and service ? Share your experiences below.

 

{ 4 comments… add one }
  • Ben May 24, 2011, 5:10 pm

    ING rate was good earlier.. now it is NOT the best in Online Savings category !!

  • Chip October 5, 2011, 11:16 am

    I had my mother set up with ING for 2 years to get interest on her money. She has Alzheimer’s and I have a power of attorney for her. Since I set up the account and had all the passwords this was not a problem until we needed to file for Medicaid and I made the mistake of transferring the last funds back to her Regions Bank account and chose YES when asked if I wanted to close account. DO NOT EVER DO THIS is you want to ever get your data again. ING locks out your account and you can no longer get your transaction history or statements. It has taken me 5 phone calls, 2 secure emails and a fax just to get a letter for my Medicaid package that said the account was closed with a zero balance. It’s taken 2 more phone calls and 2 more faxes to finally get them to send to my mother her statements. They do not recognize a power of attorney. I have NEVER had this much difficulty with a financial institution to provide documents for which I am legally entitled.

    BE CAREFUL the current low interest rates are not worth the fact that you have to deal with them by phone and their onerous policies. All their correspondence to me basically said TS.

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