Now that’s enticing. If you click the link their site says it’s actually 5.27% now. Anyone have experience with this one?
I love my ING account. I have it set up to draft a small amount of money from my checking every month so that 5 years from now when I am ready to own property I will (hopefully) have enough for a down payment. I can also refer anyone who wants an extra $25 if they put $250 in an account, so if you are interested feel free to send me an email. (Email is in my profile)
I moved most of my money from Ing to HSBC because of the better rates, and because there are lots of HSBC ATM’s outside the US.
Given that, HSBC was a huge pain-in-the-ass to set up an account. Had to mail them a bill to prove my identity, and had to authorize my checking account twice, once for the initial funding and once for future ones. I took about two weeks, all told. And then I had to do it all again just to set up a CD.
I have an ING account in Australia (two actually, I’m puting money away in one for my daughter.) The current interest rate is 6.00%. There are no fees, no minimum account balances, and no maximum withdrawals. A withdrawal takes one night provided it is submitted before late afternoon (4:00pm I think) on a business day.
Another bank tried to entice me away from ING with an offer of a lower interest rate and a minimum account balance of $5000. I just laughed at them.
I’m in the U.S.–sorry, I didn’t realize you were in Canada…
I have had an ING account for years, never a problem. Great interest, no service charges, link the account with a domestic chequing, keep minimal funds in it and transfer when I need to. I have my payroll deposited in there as well, so I transfer exactly how much I need. I have various GIC’s in there as well. Interest is not as good as it was a few years ago but beats the heck out of domestic banks. Make sure a friend refers you before you open an account, you both make $13.00! Better than nothing! Feel free to let me know should you want me to be the referral!
I’ve been very happy with them, considering how I use the account. It automatically picks up an amount every month that allows me to pay my car taxes and insurance when the time comes, and that’s about all I use it for. I plan to also use it for “quick access savings” otherwise when I have a little more to spare, like car and house disaster fund.
Another nice thing about Ing is that it’s exceedingly easy to open new accounts for specific savings goals.
I have Citibank’s e-savings account which offers 5%, no minimum. It’s pretty spiffy. However, you also need to have a Citibank checking account to apply. Fortunately, Citibank does not charge any fees for checking.
I am a fan of the giant evil international banking behemoth.
We have an Orange savings account; our mortgage and HELOC is also through ING.
We’ve been very pleased with them. When we closed on our house, the lawyers said they had never had a transaction where nothing was screwed up. ING has been very easy to work with.
Anyone know anything about the Electric Orange Checking Account? I’ve loved my ING savings account, and I must say that checking with them is quite enticing.
Anyone familiar with GE Money? I just received their account offer, 5.05% interest.
My wife and I have had an Orange Savings account for not quite a year and a half and we love it. We’ve made lots of money with the interest and we’ve only made 2 withdrawals (once to buy a house and once to go on vacation.)
It’s the only savings account I’ve ever had that paid more than a pack of gum’s worth of interest, and they give you $25 to start.