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Savings account with ING Direct
A friend of mine referred me to open an Orange Savings Account with ING Direct bank. It's all taken care of online, and giving it the right banking information I can transfer some money in from my PNC Checking account. It's offered is as following:
Earn 2.20% Annual Percentage Yield on an FDIC-insured savings account with no fees, required minimums or service charges… no matter how much you have on deposit.
It seems like a good deal to me. I do need this account. I'm wondering if the APY is a good one, or if I should hunt around a bit? The only drawback seems to be that it takes a few days for money to transfer in or transfer out, but since it's a savings account I don't think I'll need very quick access to the contents. Thanks for any advice, tips, etc.
Mike
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