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Originally Posted by lemans
ING is a savings account. If you plan to save some money put it in the ING account.
BUT if you plan to switch back and forth from chequing and the ING savings account, then it's quite pointless because i'm sure you'll be dinged with EFT (electronic fund transfer) charges and that will negate your interest savings.
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Excellent point lemans.
Savings accounts are an excellent method of saving money - because of the hassle it requires to take the money out.
Do it the other way around. Put the money into your chequing account - and do yourself a favour and put a forced monthly amount into your savings. Once it's large enough to invest - then take it elsewhere and make your decisions. Don't get dinged by the nickel and diming banks who charge you for breathing in their space.
