Drewhop Posted February 29, 2008 Report Share Posted February 29, 2008 I see the ads all the time but are they really that good. I see like wamu and a few others. What benefits and what disadvantages do these have. I can see the inconvenience of not having a local branch or someone you deal with. What are the perks of some of these. Any input would be appreciated thanks Andy Quote Link to comment Share on other sites More sharing options...
Putty Posted February 29, 2008 Report Share Posted February 29, 2008 Heard this one is great! http://home.ingdirect.com/index.html Quote Link to comment Share on other sites More sharing options...
hot_wire Posted February 29, 2008 Report Share Posted February 29, 2008 They give great interest rates on savings, checking and money market accounts. This is of course because they have no branch offices to pay rent and heating bills for. I've been thinking of switching my $$ over to wamu. I still can't find any downsides since they waive ATM fees. I'll be watching for the rest of the responses Quote Link to comment Share on other sites More sharing options...
medium fast Posted February 29, 2008 Report Share Posted February 29, 2008 I wrote annuitys through ING. They are an amazing company. If you are going online i would recomend them. If you are wanthing a local branch, i would recomend CHASE. PM me you want me to put you in touch with a personal banker. Quote Link to comment Share on other sites More sharing options...
Putty Posted February 29, 2008 Report Share Posted February 29, 2008 NO overdraft fees either. Quote Link to comment Share on other sites More sharing options...
hot_wire Posted February 29, 2008 Report Share Posted February 29, 2008 So what downsides are we looking at? Quote Link to comment Share on other sites More sharing options...
Putty Posted February 29, 2008 Report Share Posted February 29, 2008 So what downsides are we looking at? No physical location to walk into and get your cash.. Quote Link to comment Share on other sites More sharing options...
Smokey Posted February 29, 2008 Report Share Posted February 29, 2008 i'm interested in hearing more opinions as well. I'm looking at setting up an online savings account with HSBC Direct since they give the highest return currently. It'll be a savings account so I'm not really concerned about getting money quickly or at a branch. Quote Link to comment Share on other sites More sharing options...
Putty Posted February 29, 2008 Report Share Posted February 29, 2008 HSBC are crooks! Quote Link to comment Share on other sites More sharing options...
evan9381 Posted February 29, 2008 Report Share Posted February 29, 2008 guy on another forum i go to loves ING. as stated, you cant just walk in somewhere and get your money, so if you dont mind waiting a few days if you need it, it works out well plus, he just won 1,000$ a few weeks ago from a sweepstakes that he got automatically entered into for depositing money every month. he didnt even have to do anything Quote Link to comment Share on other sites More sharing options...
excell Posted February 29, 2008 Report Share Posted February 29, 2008 I use ING Direct/Orange. HSBC are a bunch of crooks, hell with them. Quote Link to comment Share on other sites More sharing options...
HotCarl Posted February 29, 2008 Report Share Posted February 29, 2008 I've always heard the lack of overhead from having and maintaining physical branch sites is one of the biggest positive's and negatives. Washington Mutual is a 'regular' bank also, but I dont think they have any branches in the midwest and they invest heavily into online banking. Online banks will almost always have a higher interest rate on their saving's and investment's as oppose to regular banks. Hell I checked Telhio for their saving's interest rates and it was pathetic. Im looking into it aswell, let me know what you find out. Quote Link to comment Share on other sites More sharing options...
Archie Posted February 29, 2008 Report Share Posted February 29, 2008 I'm interested as well. How do you handle hand written stuff... checks, ect.?? Quote Link to comment Share on other sites More sharing options...
TURBOED Posted February 29, 2008 Report Share Posted February 29, 2008 I have had an ING savings account for a few years now, and love it. As far as checking and whatnot... I still want to see someone face to face, so I have a 5/3 checking. But you can't beat 3.5%-4.5% interest on a savings account. 1 Quote Link to comment Share on other sites More sharing options...
87GT Posted February 29, 2008 Report Share Posted February 29, 2008 My capital one money market account has 4.8% APR now. I have a debit card to withdraw the money from. 2nd option is to do an EFT on their website to move money to another account or vise versa. It just takes a couple business days to move the money by EFT. Quote Link to comment Share on other sites More sharing options...
HotCarl Posted February 29, 2008 Report Share Posted February 29, 2008 I have had an ING savings account for a few years now, and love it. As far as checking and whatnot... I still want to see someone face to face, so I have a 5/3 checking. But you can't beat 3.5%-4.5% interest on a savings account. I was just about to say I dont think I would feel very comfortable doing daily banking with an online bank but if its something simple as saving's, and as long as their FDIC insured I would be interested. Quote Link to comment Share on other sites More sharing options...
Smokey Posted February 29, 2008 Report Share Posted February 29, 2008 you're correct that HSBC are crooks, but at least I know they'll be able to cover my money if they're busy screwing other people Do I sense a couple upset Kawasaki/Suzuki purchasers here? Quote Link to comment Share on other sites More sharing options...
Primera Posted February 29, 2008 Report Share Posted February 29, 2008 I was able to get box seats in ING's section for the F1 race last year, so I guess I'll recommend them too. Quote Link to comment Share on other sites More sharing options...
copperhead Posted February 29, 2008 Report Share Posted February 29, 2008 I like my ING Also, they just started doing debit accounts, with a network of ATM's that can be used. Look around on their website for Electric Orange. Quote Link to comment Share on other sites More sharing options...
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