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Ing Direct Orange Savings Account

ING DIRECT Orange Savings Account has just increased their APY to 4.50%

Hopefully you are keeping your emergency fund or other savings in an safe account that is making you the highest amount of money. I used to have my savings sitting in my primary banks savings account. It happened to be Bank of America and their savings account yield a measly 0.50%! Most of the other primary banks are yielding a similiar amount.

$15,000 in a Bank of America savings account at 0.50% will make you $75 over one year of time!

$15,000 in an ING Direct Orange savings account at 4.15% will make you $622.50 over one year of time!

Which account would you prefer?

Other reasons you should consider the ING Direct Orange Savings account

  • High 4.50% Annual Percentage Yield on savings.
  • There are no required minimum balances. No matter what your balance, you will still get the same high yield.
  • There are no savings account setup fees, no bank service charges, no penalties or other hidden costs.
  • Cancel at anytime with no fees. This means you don’t have to make a commitment and you have the ability to move you savings to another account for any reason.
  • 24-hour online access to your funds.
  • No need to change your current bank. Your ING Direct Orange Savings account is automatically linked to your current checking account which is used for your initial deposit. You can make deposits or withdraw funds by transferring money online, through their Phone Service, or by speaking with an ING DIRECT Sales Associate.
  • Setup an optional Automatic Savings Plan. You can automatically have a set amount of money (you choose how much) regularly transferred to your Orange Savings Account from your linked checking account.
  • Your savings are FDIC Insured. Your deposits at ING DIRECT are FDIC insured up to $100,000 per depositor.
  • It’s a quick and easy setup process.
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