Is ING a good place to invest? (Sharebuilder, fund, FDIC)

[Neverwinter27]

Im looking to move my funds from my bank's savings account into something that would give me a better interest, and it seems ING is the place to go to. Does anyone have any experience with them in the past? I don't have much, just around 10k to invest in.

[long101]

I like it. I have multiple savings accounts and use their sharebuilder for some stocks. They generally have one of the better interest rates for savings accounts since there is minimal overhead and the interface is very simple.

[Willy702]

They are a bank like so many others, you're insured so it doesn't really matter. They have good rates, but not quite the best so you might do a little better with some other internet bank with FDIC protection. The checking account is hard to use, I opened one but rarely use it. Just use them for savings and tie it into your existing checking account.

[Neverwinter27]

willy, what other online banks would you suggest

[mathjak107]

becareful with online banks and their policy. some can take over 2 weeks to cut a check if you want your money.some have a closeout fee

[mysticaltyger]

Originally Posted by Neverwinter27

willy, what other online banks would you suggest

I used to have ING Direct. They are good. But I like FNBO direct. I think their interest rates are better and their service is just as good.

www.fnbodirect.com

I also like that FNBO Direct is a smaller bank. ING is a big multi-national Dutch financial services conglomerate.

[Willy702]

Originally Posted by Neverwinter27

willy, what other online banks would you suggest

Actually American Express has the best rate on savings right now at 1.3%. ING is at 1.1%. Not a big deal unless you have very large amounts in them, but most of these accounts you can leave almost empty with no fees so no reason not to open a couple and keep your money where the rate is currently the highest. At times Capital One has the best rate. My experience with all has been they take the same amount of time to make transfers both ways and really couldn't tell the difference with any of them.

[Dub D]

ING was fine for me. Having strictly an online back account is not a good idea. I had a regular bank account and used ING several years ago back when interest rates were at about 3.3%. It took about 2-3 business days to transfer funds between banks. So you need to be punctual and proper with the accounts.

Right now, I have as mentioned above me AMEX. I've had for about 6 months and its been hassle free with Amex.

BTW, Sharebuilder is awful. I have it and refuse to purchase any more stocks on there. High transaction fees and plenty of features you need to pay for.

[Oildog]

www.schwab.com has plenty of 'Bricks and Mortar' locations as well.

[Donn2390]

Have had several ing accounts for years. They are very stable and have good rates, both savings and borrowing. They are a Dutch bank, the oldest in the world, so very safe.