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Originally Posted by Randerolf
I'll bite. This is one of my favorite threads on the TFP. It's helped me and many others so much.
I've got a secured credit card and am building up my credit and paying off every penny when I get the bill.
As someone who is financially savvy. Do you have an internet savings account? Whom do you use? I'm using ING; 4.5% is better that that .5% credit union rate, but they aren't leading the interest rate pack anymore. What do you think of their electric orange offering?
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Congrats on beginning to build your credit! You'll be thanking yourself later...
Personally, I do have an ING account as well. Because of the few day period it would take to get funds out, I do keep a reserve at my normal financial institution in a money market as well - my ING account could be considered my liquid mid-term savings vehicle. The rate is quite nice - although like you mentioned, there are better rates out there. For a long, long time though - ING was the best that I could find, and I've never had a problem with them.
I'm not too familiar with the "electric orange" account, I believe I just have the regular orange account...