No. of Recommendations: 2
I spoke to the rep and the funds are FDIC insured, so what is the downside.

There isn't really any downside, unless you consider ING's policies unacceptable:

- There is a 5-day hold for deposits (up to 10 days for new accounts)

- You must have a checking account at another bank to use their services. ING does not provide checks, or any other way to withdraw money except through electronic transfer

- There is no ATM access to your money

- No bill payment

There are plenty of banks and credit unions with rates somewhat close to what ING offers ( currently shows 16 banks which offer over 2% on money market accounts), so if you don't like ING for some particular reason, you can always find an alternative. I use ING, and I don't mind their restrictions at all.
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