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Internet banks

D

Demon Hunter

macrumors 68020
Original poster
What do you think of them? I'm about to open an account with HSBCdirect.com. The rate is 5.05% APY! My bank offers me 0.75% at best (money market).
 
ING Direct works for me. I've had my account for about 4 years and what a great rate - just went up from 4.25% APY last month to 4.35% APY this month. 🙂
 
Yeah, ING where I live pays 5.6%. I really don't see the negative side to all of this internet banking business. 😉
 
As long as it's a respectable bank you've heard of before it should be fine. HSBC or ING are very reputable banks and you should have nothing to worry about.
 
I'm an ING customer, but only for a savings account. It gives me better rates, and also not having instant access to my money is a plus. It forces me to think about taking money out of the savings. Its a multi-day operation to transfer from the ING savings account to my Bank of America checking account.
 
Did anyone else notice the date of this thread. My tip off was the interest rates people were citing! I was thinking (before looking at the dates) "how are these people getting these rates"? I also bank with ING, however the rate is currently around a percent 🙂
 
I would stick with names you know. I was weary of ING but they were giving away $50 to become a customer, this was before they were even FDIC insured. (yes I'm old) As it turned out, the $50 they gave me, the $200 I put into the account just to see if they were going to lose it, and many years later ... I like them.

I have an orange checking and a savings. The savings is a savings, the "checking" is just some play money.

They're amazing with fraudulent activity as well. I once got duped by a company that sounded like my credit card company (Capital One versus Capital One Rewards), this Cap One Rewards sold me on something stupid, it was inane of me. In short, $700 later and a **** ton of magazine subscriptions to Latina weekly and lord knows what else, I called ING. Explained what I know I signed up for (stupidly) but what I did not sign up for and they refunded 90% of the funds, cancelled the card immediately and swapped accounts for me. I had a new card in 3 days and a new account in minutes.

I do have a couple traditional banks, a local bank and one my family can get to if ever a need. However, I truly love ING. They were paying interest on my savings even when interest wasn't really being paid.


duncanapple said:
Did anyone else notice the date of this thread. My tip off was the interest rates people were citing! I was thinking (before looking at the dates) "how are these people getting these rates"? I also bank with ING, however the rate is currently around a percent 🙂
Click to expand...
No 😱
 
I've had an ING savings account for about four years now and I've never had a problem with them. I also have one of their "Orange Checking" accounts and it's pretty handy. Free online bill pay, you can cut checks to people for free, or if they trust you enough to give you their bank routing number and account number, you can send individuals an electronic deposit. They also have a ton of free ATMs if you want cash. I don't use the ING accounts for my daily use, but I do use them for savings and my emergency fund. It's an out of the way place to stash my money, but I can get to it quickly with the checking account debit card.
 
I've had an ING savings account for a little over 7 years, I signed up for checking as soon as it was available. I got rid of my accounts at other banks and use ING exclusively with no problems.

The iPhone app is handy too.
 
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