Comments on: Virtual Bank Vs. ING Orange Online Savings Accounts

By: Trisha

Trisha — Fri, 11 Jan 2008 02:51:36 +0000

I just signed up for INGâ€™s Orange savings account using a referral on Tuesday night. It was SO easy, quick, and the $25 bonus was in the account the very next morning.

I have several referrals left that I can send out if youâ€™re thinking you want to sign up and get the $25 bonus. You can sign for either the â€œOrange Savingsâ€ account or an â€œElectric Orangeâ€ account. Just send an email to EDIT if youâ€™re interested and Iâ€™ll send you an email with a link to apply. If you sign up online, you wonâ€™t receive the bonus. You HAVE to sign up through the link in a referral email. And remember, you must sign up with a starting deposit of at least $250 to recieve the bonus.

Itâ€™s totally worth it. Again, just email me at EDIT.

By: Zach

Zach — Mon, 07 Jan 2008 20:51:57 +0000

I love my ING Direct account. It doesnâ€™t have the highest APY but you wonâ€™t get better customer service anywhere else. Also, their online interface is just easy and awesome.
I also do still have many referral links left if anyone would like to contact me to receive a link (either for an orange savings account or the electric orange checking/savings account) to sign up for an account. You receive $25 for signing up with a min. of $250 or more. A nice little bonus for nothing! Just shoot me an e-mail @ EDIT and Iâ€™ll send the link right back to you!

By: Graham

Graham — Mon, 12 Nov 2007 06:08:08 +0000

I’ve had my ING Orange Savings account for two years now and couldn’t be more pleased. The customer service is second to none, the website is well laid out and easy to use and best of all I haven’t incurred a single fee while I’ve banked with ING. Along side an Orange Savings account I also recommend getting Electric Orange. A feature I particularly like about Electric Orange is free online bill pay. When its time to pay my monthly bills I can transfer funds instantly from Orange to Electric Orange and pay everything from credit cards to utilities.

The interest on Electric Orange varies from 3.25%-4.90% APY depending on balance while Orange does not employ a tiered interest rate and is currently at 4.20% APY.

For those of you looking to get that $25 referral, shoot me an email at EDIT and I’ll be happy to send you one.

By: Virtual Bank at 4.6% - ING Orange Savings at 4.2% (APY) » Blogging Away Debt

Sun, 04 Nov 2007 02:43:29 +0000

[...] in May, I wrote up a little comparison of the savings accounts at Virtual Bank and ING. At the time, their interest rates were tied. Not anymore. Virtual Bank [...]

By: A Thanks! To Tricia and a Guest Post for Brian | I've Paid For This Twice Already...

Wed, 12 Sep 2007 20:11:01 +0000

[...] at Blogging Away Debt has been hosting ING Direct Savings Referral links for me (and a few other people in rotation)Â ever since she ran out of her own to give away.Â Â [...]

By: ING Electric Orange Referral Links » Blogging Away Debt

ING Electric Orange Referral Links » Blogging Away Debt — Mon, 27 Aug 2007 00:50:33 +0000

[...] been hosting ING Orange Savings Account referral links for a while. To start up an online savings account with ING using one of those referrals, you get a [...]

By: Debt Doesn't Have to Just Be a Part of Life » Blogging Away Debt

Debt Doesn't Have to Just Be a Part of Life » Blogging Away Debt — Fri, 10 Aug 2007 00:04:05 +0000

[...] debt stories from others so I’m glad paidtwice sent me an article. BTW – I still have two ING $25 savings account referrals available from her. The $10 bonus that she gets when you use her referral is going towards her [...]

By: One down, two to go « I’ve Paid For This Twice Already…

One down, two to go « I’ve Paid For This Twice Already… — Sun, 05 Aug 2007 15:18:19 +0000

[...] still have two more referrals left up at Blogging Away Debt, so if you’re looking for a referral to earn $25 when opening an ING Direct Savings account with an initial deposit of $250 or m…, head on over and check it out. Â One of my kids’ college accounts will get a $10 bonus [...]

By: I have more ING Direct Savings referrals at Blogging Away Debt! « I’ve Paid For This Twice Already…

Sat, 04 Aug 2007 12:11:36 +0000

[...] Blogging Away Debt! Published August 4th, 2007 savings Tricia has put up more of my ING Direct Savings Referrals at her blog, Blogging Away Debt. If you open a savings account through a referral link with an [...]

By: Never

Never — Tue, 31 Jul 2007 22:01:11 +0000

I used the last link to open an account. Thank you very much!

By: Shana

Shana — Mon, 30 Jul 2007 21:23:43 +0000

I have some Ing referrals that I would be happy to have posted for others to use. Is it possible to still submit referral links?

Thanks, and good luck with your debt paydown. I’m in the middle of my own right now, in addition to saving for a home downpayment, too.

By: Tricia

Tricia — Mon, 30 Jul 2007 18:46:58 +0000

Ajay and Mark – on behalf of Deby…Thanks! Also, thanks for noting that you used the links. I can them come in and mark them as used a little quicker.

By: Mark

Mark — Mon, 30 Jul 2007 18:33:20 +0000

I just used the 3rd refferal from Deby. Thanks.

By: Ajay

Ajay — Mon, 30 Jul 2007 01:39:28 +0000

I used one of the ING referrals from Deby to open a savings a/c.

Thanks!

By: All my ING Direct links on Blogging Away Debt were used! Thanks! « I’ve Paid For This Twice Already…

Sat, 28 Jul 2007 02:51:20 +0000

[...] were used! Thanks! Published July 27th, 2007 link love , savings Today someone used link #3 to open an ING Direct savings account and get a $25 bonus with an initial deposit of $250. So my son’s college account got a $10 bonus. [...]

By: Thanks to the person who used one of my ING Direct savings referrals! « I’ve Paid For This Twice Already…

Fri, 27 Jul 2007 00:49:29 +0000

[...] Published July 26th, 2007 savings Tricia at Blogging Away Debt has been hosting some of my ING $25 referrals since she used up all of her own. I got an email just now that someone used another one of my [...]

By: Saved Again By Our Savings Account » Blogging Away Debt

Saved Again By Our Savings Account » Blogging Away Debt — Sun, 22 Jul 2007 04:07:57 +0000

[...] how things have changed. I’ll just initiate a balance transfer from one of our savings accounts and pay it back as soon as we can, probably when some more money comes in. Slowly but surely, we [...]

By: Thanks Tricia! « I’ve Paid For This Twice Already…

Thanks Tricia! « I’ve Paid For This Twice Already… — Fri, 20 Jul 2007 22:50:21 +0000

[...] an ING online savings account with a minimum deposit of $250 or more, you can pick up a referral here that will give you a $25 bonus for opening the account (I get a $10 bonus deposited to one of my [...]

By: Update on the ING Direct Savings Bonus Referral Links That I Have » Blogging Away Debt

Wed, 18 Jul 2007 16:03:30 +0000

[...] did a little comparison between the two online savings banks that I use back in May, Virtual Bank vs. ING Orange Online Savings Accounts. At the very bottom of that post are the $25 bonus referral [...]

By: Tricia

Tricia — Sat, 14 Jul 2007 05:02:07 +0000

Hi Betty,

Virtual Bank did not do a hard pull for me, at least not through TransUnion. Neither did ING. I’m not sure about the other two agencies.

By: Betty

Betty — Sat, 14 Jul 2007 04:55:39 +0000

Does anyone know if Virtual Bank does a hard pull?

By: My Financial Mistakes

My Financial Mistakes — Sat, 07 Jul 2007 08:11:47 +0000

You know, it’s always nice to have a rainy day fund. I have an ING account myself either via a referral from my friend. Hey, I could always use free money ($25)

By: jeanjeanie

jeanjeanie — Tue, 03 Jul 2007 20:17:35 +0000

I used one of your ING links to open an account this afternoon. Thank you so much for providing those. I think this is exactly the kind of account I’ve been looking for.

By: Credit Card Debt Update and Savings Update » Blogging Away Debt

Credit Card Debt Update and Savings Update » Blogging Away Debt — Tue, 03 Jul 2007 02:25:53 +0000

[...] big thank you to everyone who opened up a savings account with ING Direct or Virtual Bank using my referral links. I like the referrals where we both get a bonus and you aren’t spending [...]

By: SM

SM — Fri, 29 Jun 2007 16:42:55 +0000

Little things like sending signed letters is actually a turnoff for me. I love my ing accounts (I have savings and an IRA through them), and I love that the only time I’ve received something in the mail is when I opened the IRA. Sending paper welcome letters, that are personally signed, is, in my opinion, not the way money should be spent. It also means that they have a larger overhead and that means lower interest rates — or in your case, a lower signup bonus — for people saving with them.

By: Shop Online. Get Paid.

Shop Online. Get Paid. — Thu, 28 Jun 2007 21:02:27 +0000

Saving at ING Direct through MyPowerMall not only earns you 4.50% APY. You also earn unlimited income by referring others to save at ING via their own MyPowerMall. This opportunity is totally free. So, there’s nothing to lose but everything to gain.

By: Money Smart Life » Personal Finance Decision Guide - Roth IRA vs. Traditional IRA

Mon, 04 Jun 2007 12:24:00 +0000

[...] Banking-Virtual Bank Vs. ING Orange Online Savings Accounts [...]

By: Blogging Away Debt » Blog Archive » My Brand New Savings Account at Virtual Bank

Thu, 31 May 2007 13:54:38 +0000

[...] I have $20 Virtual Bank Savings bonus referral links if you are interested. [...]

By: Money Smart Life » Personal Finance Week in Review - Expensive Haircut Edition

Sun, 20 May 2007 20:55:01 +0000

[...] Blogging Away Debt compares Virtual Bank and ING Orange Online Savings Accounts. [...]

By: Jim

Jim — Fri, 18 May 2007 04:36:21 +0000

So why don’t you open a checking account at ING? Their new Electric Orange account lets you transfer immedately from an on-line savings account to the checking, and has a no fee ATM card that allows you to get cash out. There are two ATM locations in my little town in Idaho. Have moved most of my banking there.

By: SavingDiva

SavingDiva — Thu, 17 May 2007 14:01:43 +0000

I really enjoy your blog. I found it from a link on Amazon’s page (you reviewed a book for them).

I’ve had online savings accounts for years (my favorite is HSBC). Recently, I opened up a Charles Schwab Investor Checking accounts. It gives you all of the options of a free checking account, but you earn over 4% interest (no minimum). I haven’t started using it yet, but I think it’s a nice option to look into.

By: Jason

Jason — Wed, 16 May 2007 19:50:24 +0000

Since no has mentioned them yet, I have to give my props to Emigrant Direct. Very easy set-up and easy navigation on the website. Currently a 5.05% rate is offered.

By: Deby

Deby — Wed, 16 May 2007 19:00:28 +0000

Thanks for the comparison, Tricia. I’ve been planning on opening up an online savings account next month now that we’re finally able to get a handle on our finances. I’ve been leaning towards ING, but I think I’ll be taking a look at some of the other ones mentioned here as well.

By: Karthik

Karthik — Wed, 16 May 2007 18:31:04 +0000

If you are in the Austin / San Antonio (TX) region (or if don’t mind traveling there once), Capital One’s new “high interest” checking account is a good option. This has a 5% APY for 1 year. I think it will be 3% APY after 1 year. But the checking account has no minimum balance, no ATM fees even when using other banks ATMs, no monthly service fee. $50 initial minimum deposit. And it is a *checking* account!! Pretty good, right?

http://www.capitalone.com/bank/checking/high_interest_checking.php

From their FAQ:
http://www.capitalone.com/bank/checking/high_interest_checking_faq.php

5. Is this checking account available everywhere?
There is no limitation on who can get this checking account, however, closing requires visiting a branch in either Austin or San Antonio, TX metropolitan areas only. At closing in a branch, you will be required to present a valid photo identification (such as a driver’s license), make the initial $50 opening deposit, and sign your signature cards. You will also receive a welcome kit which includes an initial set of checks to use. View branches located in the Austin and San Antonio, TX metropolitan areas.

By: San Francisco Money Maven

San Francisco Money Maven — Wed, 16 May 2007 18:18:04 +0000

I also like ING Direct, but it’s the only online bank I have experience with. I’ve found the online security to be fine (maybe too fine!). I got locked out the first two times I tried to log in and had to request new pin numbers. Maybe the lock-out feature only applies to newly opened, not yet accessed accounts. I bet they would add a lock-out feature if you emailed them.

They have a weird security feature that requires you to select your pin code from a virtual 10-key pad that has switching letters assigned. I found this confusing, which is how I got locked out both times. Once I finally got online (3 months after I opened the account), I got the hang of the site and I like it just fine now.

But hearing about the better interest rates makes me want to switch to another online bank.

By: Katie B.

Katie B. — Wed, 16 May 2007 16:11:15 +0000

I am a huge fan of HSBC Direct. The interest rate has been 5.00%+ since I opened my account six months ago, but what I truly find most appealing is the security features. When you first open an account they send you two letters over the period of a week, one with your customer ID and one with your password. Once you have received both letters you have to call the bank and establish a passcode that uses a virtual keyboard to prevent someone from stealing your password via keystrokes. So every time I log in I have to first use my customer ID number, then my HSBC assigned password, and then finally my virtual keyboard passcode. In all honesty, it can be a bit of a hassle, but if that’s what it takes to increase security in online banking it’s worth it to me.

Oh and one thing- I opted out of getting an ATM card for this account and it’s a decision I’m so glad I made. The temptation is gone!

By: Amy Bass

Amy Bass — Wed, 16 May 2007 15:59:05 +0000

I wanted to suggest Zions Bank. I have an online internet money market account with them with check writing capabilities and they give me 5.32%. Just something to look into.
I am also blogging to get out of debt! I think it is a great idea. You can see my blog here- http://achieve-financial-independence.blogspot.com/

By: danielle

danielle — Wed, 16 May 2007 15:29:08 +0000

All that savings vs. debt stuff confuses me, so I am afraid I can’t be of much help to you there. I do know that when I personally was in debt, I didn’t worry about savings until I paid it off. It helped me a lot. I would have rather had the peace of mind of being debt free than the extra nickels and dimes from interest. Our current savings only yields about 75 cents per thousand dollars. Yay, a can of soda at a gas station!!!
We’ll look into different types of savings in a few weeks, tho, after the baby is born.
Wamu seems to have a lot of them, and the branch managers seem really eager to help. I think that’s good, but at the same time wonder what’s in it for them????

On another note- did your debt total go down again? I noticed the numbers are different, but don’t remember what they were before?
~Danielle~

By: Kristina

Kristina — Wed, 16 May 2007 12:31:27 +0000

HSBC is my online savings bank! To compare… their rate is well over 5%, security is awesome (password plus virtual keypad, lock out after 2 tries), it’s connected to my HSBC checking and the funds when transfered become available immediately.

By: Tyler

Tyler — Wed, 16 May 2007 11:36:41 +0000

HSBC Direct is my go to online bank! Good service, security, and rates (5.05%). Also, if you’re having a hard time remembering passwords, download KeePass. It’s a free software that stores ANY kind of password in a file on your computer that is encrypted very nicely. You only need one password to remember. It’s very secure and easy to use. http://www.keepass.info

By: Richard

Richard — Wed, 16 May 2007 06:55:57 +0000

After reading what went down here (especially comment #27):

http://www.consumerismcommentary.com/2007/05/10/ing-direct-closed-customers-account-due-to-bad-credit/

ING is in my black book.

Regardless, your money is probably better off in a higher-yield account anyway, like FNBO (6.0%), UFB Direct (5.30%), or GMAC (5.30%). I’ve only personally dealt with GMAC, and while there’s no bonus (that I know of) right now, and they have a $500 min to avoid a monthly fee, they don’t do a hard credit pull, and the security seems pretty tight.

By: MVP

MVP — Wed, 16 May 2007 03:50:43 +0000

I can’t speak for Virtual Bank, but I can say I LOVE my ING account – did i really just say that about a bank account?! Anyway, I’ve had my account a couple of years now, and I’ve had few problems. My husband would agree with you that the strange security features can sometimes be a pain, but once you’re used to them, it’s pretty simple. Anyway, I’ve been very pleased with their level of customer service, frequent emails when a deposit or withdrawal are made or the interest rate increases, and the automatic deposit/withdrawal features. It’s a keeper in my opinion.