A New and Improved Way to Save
I don't know about you, but I'm getting tired of my
saving account just sitting in the bank collecting dust. Don't get me wrong, I
like that my money is there and that it is safe, however, it's not doing
anything, it's growing at a dismal rate and it looks bored.
It's time for something new.
Along
comes this new company, ING DIRECT, which features online savings banking with
no minimum balance, no service fees, penalties, or hidden costs, and, get
ready for this, a 3.40% APY (Annual Percentage Yield, subject to change with
market conditions!
Unlike a traditional savings account,
ING DIRECT accounts are linked to your existing checking account, allowing
funds to be easily deposited and withdrawn by transferring money to and from
your checking account online, through their Interactive Phone Service, or by
speaking directly with a ING DIRECT Sales Associate 24-hours a day, 7 days a
week.
ING DIRECT also allows you to set up automatic
transfers from your checking account to ensure easy and effortless growth of
your savings. Also, just like traditional banks, ING DIRECT is FDIC insured up
to $100,000 per depositor, so you can rest assured that your money is safe.
How does this compare to traditional banking? A quick comparison between ING
DIRECT and Wachovia Bank on deposits under $10,000 revealed:
-
Wachovia pays a APY of 0.15% vs. ING's 3.40%
-
Wachovia charges a $5.00 monthly service fee (for
accounts with less than $300 minimum balance) vs. ING's $0.00
-
Wachovia charges $3.00 per teller transaction over
three per month, ING does not offer teller transactions
In addition to Saving Accounts, ING DIRECT also offers
CDs with up to 4.80% APY, Mortgage Loans as low as 5.625% (subject to change
with market), Home Equity Loans as low as 6.75% variable APR (again, subject
to change), and Mutual Fund Investment Accounts!
Visit ING DIRECT today and find how you can get excited
about savings again!
