Opening up Multiple Accounts
Sometimes when you are saving for something, it is hard to keep track of how much you’ve saved. If you have a general savings account that includes an emergency fund and a vacation fund, how do you know how much is for each?
You could keep track in a financial program or on a spreadsheet, or you can just open up multiple accounts. ING Direct makes this very easy.
They all stay together
When you open up a new account, you don’t have to worry about logging into this one, then logging out and moving to the next one. Once you log in, ING has them all listed for you. You earn the same interest on each one; it is just a means of keeping track for your own help.
You can give them each a nickname and transfer money from your checking to savings accounts, and you can transfer money between your savings accounts. This is perfect for those who have many savings goals. You can have an emergency fund account, vacation fund account, Christmas fund account, and any other that you want.
It’s easy to do
It’s very easy to open another account. After you’ve signed in, go to the left of your account and click ‘Open an Account’. They will ask you what type of account you want to open, just click ‘Savings Account’. Click ‘Open Account’ and choose the type of account you want to open. Then you can fill in the nickname, transfer your many, and you are all set!
You need to have money to fund the account before you open it. This means that if you’ve decided you want to open a vacation fund, you can just open an account for $0 balance, you need at least a couple dollars in there to start, which shouldn’t be a problem.
If you don’t have an ING Direct Savings Account, open one up first, and then you can create more accounts.
The Orange Savings Account. Great rates, no fees, no minimums.