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ING Direct....good?bad?
what the major difference between itt and banking and is it worth it
2 Answers
- Anonymous1 decade agoFavorite Answer
ING is a bank. They pay more interest on savings accounts than most banks because they have lower operating expenses. I keep a savings account there.
- Anonymous1 decade ago
I use ING Direct for a savings account -- their interest rates are higher than a bank's. An Ing account is federally insured, just as in a brick-and-mortar bank. It's easy to use -- you link your Ing account to your current checking or savings account, then transfer money from your current account to the Ing account (or back again). I like seeing interest accrue faster than it would in a bank.