Info on ING, emigent(?) and CD's?

iVillage Member
Registered: 12-12-2004
Info on ING, emigent(?) and CD's?
7
Sun, 11-27-2005 - 8:16pm
HI, all. Am apologizing again for questions, but when the computer crashed about a month or so ago, I lost ALL data. Including the info on ING and Emigent. Someone here said that the ING has better rates than your garden-variety savings account. What is the Emigent? If I could spell it, it would help, but is it like a money market or savings account with better rates? Thanks. Whiz.
iVillage Member
Registered: 08-15-2005
Sun, 11-27-2005 - 8:38pm
Do you mean Emigrant Bank? ING and Emigrant are Internet banks that offer better interest rates than savings accounts in brick-and-mortar banks. I know several people who have accounts in one or the other and seem happy with them. I haven't tried the on-line banks as I'm happy with my current arrangements. I keep my emergency funds in money-market accounts, brokerage sweep accounts, and I Bonds. The rest I have invested in stocks, bonds, and laddered CDs. I've been thinking of looking into the on-line banks, particularly ING as I understand it is a little easier to deal with. They're both insured by FDIC, so your money should be as safe there as in a local bank, but it will earn a higher return.
Avatar for mrslove2000
iVillage Member
Registered: 03-26-2003
Sun, 11-27-2005 - 10:00pm

So sorry to hear about your computer crashing, whiz. I can share with your my experience with ING. The rates they are offer are much, much better than local banks/credit unions. They can offer this because they are an internet bank and not a "brick & mortor" location, therefore, their overhead is next to nothing. They are FDIC insured (so if they go belly up, your funds are insured) I just opened my account this past week, thanks to a referral who already had an ING account. I recieved $25 bonus with an initial deposit of $250. I also set up an automatic transfer to keep funding my EF on a monthly basis, at no extra cost. They have pretty good rates on CDs, too. I, however, wanted to keep my liquid/accessible so I chose the Savings account. If you'd like me to send you a referral link for the Free money, let me know.

Susan

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iVillage Member
Registered: 12-12-2004
Sun, 11-27-2005 - 11:02pm
Thank-you to everyone for the emigrant and ING info. I need more info. Do I just go to ING site or Emigrant? Do you wire $$ to them, or set it up as debit from checking account? Thanks whiz.
iVillage Member
Registered: 08-19-2003
Mon, 11-28-2005 - 7:27am
Your regular checking account is set up with ing so you can transfer money between the two banks easily.

Shannon


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Avatar for mrslove2000
iVillage Member
Registered: 03-26-2003
Mon, 11-28-2005 - 9:51am

If you want the Free $25 you need to access ING through an email referral (I'd be happy to send you one) Otherwise you can go straight to the website and access it by Opening an Account (however you will not get the Bonus). It takes about 5 minutes to set up your account. You will open your new account by linking your checking account to your ING account. You get to determine how much to open your account and if you want reoccurring transfers to be made. The money will be automatically transfered from your checking to your ING account. I do encourage you to read the information regarding how to access your money (aka Funds Availablity) this tends to differ from traditional banks and your money may not be withdrawn for a period of time. If you have any other questions, feel free to email me at flyingmore at austin.rr.com (spelled out for protection)

Susan

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iVillage Member
Registered: 11-10-2005
Mon, 11-28-2005 - 5:50pm

could someone send me an email referal? my email addy is kellyafuller@juno.com


thanks!

Check out my blog! A Hesitant Housewife
Avatar for mrslove2000
iVillage Member
Registered: 03-26-2003
Mon, 11-28-2005 - 6:48pm

Sure, thing. I've already sent you a link! Have a great day!

Susan

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