ING Direct Savings Account vs. Traditional Savings Account
Why should you choose an ING Direct high interest savings account over a very low interest traditional savings account?
I hope I made that question very easy to answer. With ING Direct you get a much higher interest rate than your traditional savings account, more than a 2 % difference. 2% doesn’t sound like much, but it is.
ING Direct is able to offer a high interest rate because they have lest overhead costs than the traditional banks. They do all their business online, over the phone, or through the mail.
You don’t have to go anywhere
Another bonus to ING is that you don’t need to drive to a bank to deposit or withdrawal your money. It is connected to your checking account so you can do it online. If you have your paycheck automatically deposited into your checking account and use a debit card, checks, and ATMs, you may never have to go to the bank again!
What comes with staying away from the bank? No more long lines waiting for a teller to help you. No more problems at the drive up window or with your accounts. Best of all, no more .38% interest rates on your money.
Automatic Savings forces you to save
ING Direct offers automatics savings which allows you to automatically deposit a certain amount of savings every month. This forces you to save. Saving money is very important and can help you feel secure and afford the things you really want without buying on credit.
You know you need to start saving money whether it’s for college or your kid’s college, an emergency fund, a new car, a house, or your retirement. What better way than to open up an ING Direct high interest savings account? You will have help saving your money and it will grow with no effort at all!