ING savings accounts

In My Humble Opinion
21

You know. . .if you have $20,000 and you know you just want it for a down payment in a couple years, I’d recommend something from the us treasury.

www.treasurydirect.gov

You can purchase T-Bills, T-Notes, and if you’re keeping it there for at least 5 years, “TIPS” (inflation-protected securities, which go up to match inflation and give you a little on top).

But, that’s only if you know you’re not going to be tapping into it. I regularly buy 1 month and 3-month notes just so that the money is doing something.

Also, I often move spare money to paypal. They pay more than the bank.

22

Thanks for the advice everyone. The reason I don’t want a CD or T-bill is we’re looking to buy in 12 to 18 months. I just want to so something with the money while we save up the rest of the money we need. I’ll take a look at some of the other places you all mentioned. My life is a paperwork snafu and always has been. I have never dealt with a bank, utility or landlord that didn’t loose my paperwork, money or something else, so the good customer service of ING seemed promising to me.

23

Well, if that’s your only object, you can buy a 12 month t-bill.

Then, if you feel like you’re still 3-6 months away, you can buy a 3 month t-bill, or set it up so that every month, you buy more t-bills.

it’s very easy to set up, but that’s all I’ll say about it. I’m not actually a shill for the federal gov’t.

24

I’ve had an ING account in the US and here in Australia, plus my home loan is with them, and count me as a satisfied customer as well. Easy to set up, easy to use and getting the loan was as user friendly as getting any mortgage, I guess.

I find the service quick and friendly, and the interest rate here in Australia is fabulous. I saved for my home deposit there, too.

So I like’em.

Cheers,
G

25

Yes I do. Sharbuilder takes a few minutes to get used to, but I started with a little extra from Xmas ($500) and as of today, with the information that’s available on that site and using Google Finance, I’m up to $761 as of this morning. ING and Sharebuilder are excellent because of their flexibility. As Garfield said, sometimes it takes longer to get access to your cash, but if you open what ING calls an ‘electric Orange’ account, access is an online transfer away.