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Originally Posted by slushi999
Are there any gimmicks involved opening an account with this company? Any Disadvantages or will they take money out from my checking account? I dont mind having an extra savings account.
I got a refferal from a friend that says they will give free $25 Bonus for free and is not required to place any money to open it up?
They are giving 3% APY.
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No gimmicks. Open your account, fund it via EFT from your checking/savings account, earn 3%.
The post after yours is questionable since no details were given. ING is a bank offering savigns accounts, brokerage accounts, and loans, all regulated by the FDIC. Nothing funny going on here.
You can find similar deals. For example State Farm, the folks who do a lot of auto and home insurance, have their own "bank". I haven't checked in awhile but when ING was offering 2.x% State Farm was offering 1.5%.