If you have a savings account, you need to consider transferring it over to an ING money market account. Recently Capital One merged with ING Direct. At ING you will be able to earn up to 5 times the national savings rate, allowing you to maximize your investment in a hurry. A money market account is a great investment as it is relatively low risk and it does provide you with a great option to help you save money quickly. When comparing rates on money market accounts you will see that ING is one of the best online banks to work with.
Chapter 1. Working With ING Direct
Out of many of the online banks, ING Direct continues to have one of the highest customer satisfaction ratings. There are several different accounts offered from ING from high interest money market accounts to online savings accounts and checking accounts. Comparing rates to traditional savings accounts, ING Direct can offer you 5 times the national savings rate. Their rates have been even higher in the past but they are reduced right now thanks to the current state of the economy.
Chapter 2. Opening An Account
It will only take a few minutes to open an account with ING Direct. You need to link your new savings account to your checking account and verify account information in order to start taking advantage of online savings. Once you have the accounts linked, you can start saving money and you can even set up an automatic transfer to your account in order to help you save money.
Chapter 3. Security
With ING Direct you are able to save your money in a secure way. ING Direct is backed by the FDIC, making it one of the safest investments. They also have a secured website, which also protects your financial information.
Chapter 4. Incentives
One of the great things about opening an ING money market account is to take advantage of the incentives that they provide. ING Direct is known for matching deposit amounts, which is a great way to help you start your new online savings account.
If you want a great online savings account to help you grow your money and really start earning a great deal of money in interest, using the ING money market account is a smart and safe investment to consider.