No. of Recommendations: 0
Bweaver,

You wrote What's ING? In terms of your question, an online savings and loan minimal (2, perhaps) brick and mortar locations.

I understand that ING bought a struggling little bank on the east coast and turned it into ING Direct. I think they bought it mainly as a quick way for a foriegn holding company to obtain a U.S. Bank charter.

Funny. The best value that ING offers right now isn't where you'd think. The parent holding company has an ADR (American Depository Receipts) offering trading on the NYSE (ING). The company pays a quarterly dividend, which currently yields 4.70%. That's more than twice what ING Direct pays it's depositors! Of course you're risking your principal if you buy those shares...

- Joel
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