UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next
Author: foobar73 Big red star, 1000 posts Feste Award Nominee! Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35357  
Subject: Re: Ing in the Times Date: 1/30/2003 6:59 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
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 ( www.bankrate.com 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.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Macro Economics

2.1: The Labor Pool Problem
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement