ING Direct Online Banking Account
An FDIC insured national bank offering one of the highest savings rates with no fees and no minimums. ING Direct also provides highly competitive Certificate of Deposits, Mortgages, Home Equity Lines of Credit and Mutual Funds.
ING DIRECT makes $aving money simple! Open your account online today and start earning 3.15% variable APY. No Fees and No Minimums!
ING DIRECT - High Yield Savings with 3.15% annual percentage yield!
Fixed Rate vs. Adjustable Rate Calculator - Find out how much you can save with an Orange Mortgage from ING DIRECT.
Open a savings account in under five minutes with no fees, no minimums and FDIC insurance
About Ing Direct
ING Direct is a marketing name for a branchless direct bank with operations in Australia, Canada, France, Germany, Italy, Japan, Spain, United Kingdom and the United States. ING Direct is part of the Dutch ING Group. It offers services over the Internet, phone, ATM or by mail. Their principal product is high-interest savings accounts, with no service charges or minimum account balance requirements.
NG Direct is the marketing name of ING Bank, fsb, a branchless or virtual bank in the United States that was founded in 2000. ING Direct is a member of the Federal Deposit Insurance Corporation (FDIC).
Orange Savings Account
The Orange Savings Account is an online savings product offered by ING Direct. ING Direct allows users two possible methods to deposit money into an Orange Savings account: electronic transfer from a checking account at another institution, and direct deposit. Customers can link up to three external checking accounts for electronic deposits and withdrawals.
Electric Orange Checking
Electric Orange is ING Direct's interest-bearing paperless checking account. The account has no minimum balance or direct deposit requirements, no monthly maintenance fees, and pays tiered interest rate according to account balance. Foreign transactions are subject to a 2% fee. Access to the account is available through a MasterCard debit card (withdrawals at Allpoint ATMs are free), "Electric Checks" which are electronic transfers to other people who don't need to be ING Direct account holders, free Bill Pay, and direct debit. Unlike a traditional checking account, Electric Orange account does not allow access via paper checks written by the account holder (although customers can request ING Direct to print and mail a check on the account holder's behalf). When requesting for checks to be mailed by ING Direct on customer's account, the whole sum corresponding to check will be debited from the account, as of the moment of the request and regardless whether the check is ever cashed. Deposit options include Automated Clearing House (ACH) transfers from a linked account at another bank, direct deposit, transfer from Orange Savings accounts as well as mailing in paper checks.
Unlike the Orange Savings Account, enrollment in ING Direct's "e1st" program is mandatory for Electronic Orange customers, and the account holder of an Electronic Orange account must agree to receive information about all their ING Direct accounts electronically through the Internet. Customers that do not have an Electric Orange account may still opt to have paper statements mailed to them.
Orange Certificate of Deposit
Another popular savings method that ING Direct offers is a certificate of deposit, or CD. ING Direct offers a number of options for their CDs, with the time starting out at a minimum of six months, and the longest being 60 months.
About Online Banking
Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank, credit union or building society.
Online banking solutions have many features and capabilities in common, but traditionally also have some that are application specific.
The common features fall broadly into several categories
* Transactional (e.g., performing a financial transaction such as an account to account transfer, paying a bill, wire transfer... and applications... apply for a loan, new account, etc.)
o Electronic bill presentment and payment - EBPP
o Funds transfer between a customer's own checking and savings accounts, or to another customer's account
o Investment purchase or sale
o Loan applications and transactions, such as repayments
* Non-transactional (e.g., online statements, check links, cobrowsing, chat)
o Bank statements
* Financial Institution Administration - features allowing the financial institution to manage the online experience of their end users
* ASP/Hosting Administration - features allowing the hosting company to administer the solution across financial institutions
Features commonly unique to business banking include
* Support of multiple users having varying levels of authority
* Transaction approval process
* Wire transfer
Features commonly unique to Internet banking include
* Personal financial management support, such as importing data into a personal finance program such as Quicken, Microsoft Money or TurboTax. Some online banking platforms support account aggregation to allow the customers to monitor all of their accounts in one place whether they are with their main bank or with other institutions...
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