Most people have a savings account of some kind, and if you do then your bank probably gives you about a 1.5% annual return on the money you keep in your bank account. The national average interest rate for a savings account is generally between 1.5% and 2.5% which is ok I guess if you ...
Synopsis Have you ever heard of rich people having a money market account? Money markets are accounts where wealthy people put their money while it isn’t being invested. There’s no risk of losing money in a money market account, but they give pretty high rates of returns. Well I was never wealthy enough to afford ...
Since ING Direct pioneered the first online-only high-yield savings account in the late 1990’s, a number of other banks soon followed suit. Just ten years later dozens of banks are offering their own version of a high-yield savings account, and the competition for your online savings dollar is greater than ever before. In terms of ...
In the last few years, there have been dozens of new high-yield savings accounts which offer online access. These banks have attempted to copy ING Direct’s success in the online savings world. One of the latest entries into this market is IGO Banking. They have created a savings account similar to the other high-yield savings ...
Just a half-decade ago, the term online savings account was known to very few. Online banking was merely in its infancy. Some banks were allowing people to view their accounts online, but that’s about it. ING changed the name of the game when it launched the first online high-yield savings account. They could offer much ...
There was a time when applying and getting a bank account was a long and tedious process. Between stacks of paperwork, numerous and expensive bank fees, minimum deposits and other roadblocks, bank accounts didn’t seem worth the trouble. However with the internet age in full gear, bank account applications can be filled out in a ...
As you might be aware, Capital One purchased ING Direct USA in February 2012. As part of the transition, there have been a number of changes that have been mostly positive for the customer and a few changes have yet to come that’ll have bigger impacts further down the line. On the positive side, the ...
How many of you have money stuffed in a low interest bearing savings account? You are not alone. There are millions of people who have cash stashed in low interest bearing savings account. But for new internet savvy users there is a revolutionary banking method which pays more than 4 times the interest rate the ...
ING Direct was one of the first high-yield savings accounts which was founded in 1997. Unlike most banks, they do not have any branches which allows them to offer much better interest rates than traditional banks. They have since branched out and offered investment products and mortgages through their sister companies. Many other companies have ...
Online banking is a growing in popularity with some banks going for a completely online model including ING Direct. By conducting business online, these banks save a huge amount of money compared to those with individual branches. USAA Federal Savings Bank is a bank based in Texas however it serves its members around the globe. ...
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