ING high interest checking

[sweeps]

Not Accurate, especially this part from the article:
"(Note: The yields are tiered, so you will earn 3% on the first $50,000, 5.05% on the next $50,000, and so on.)"

From ING's FAQ section:
"Is there any minimum balance I need in order to earn the interest rate?

No. All balances earn interest. If your balance is $49,999.99 or less, you earn a great annual percentage yield of 4.00%. If your balance is between $50,000-$99,999.99, your entire balance earns 5.05% APY; and if your balance is $100,000 or more you will earn 5.30% APY on your entire balance! This is a great checking account that pays great interest on all balances. (Rates variable, as of 02/17/2007).

Yields are NOT tiered.

Sorry, but you don't understand what "tiered" means. It means you get a different APY based on different balances. It doesn't necessarily imply there is a minimum balance to earn interest.

Also note the article was published on 2/12/07. The rates you are quoting are effective as of 2/17/07, so there could be discrepancies between the rates quoted in the article and the rates available now.

[Aleta]

Boefepa: You could keep your brick and mortar bank and open up an ING Direct savings account which pays 4.50% and you could transfer money from your bank to the ING savings account to get you accustomed to it. You only need $250. to open the account and you receive $25. for opening it and you don't have balances or minimums. You could take the $250. out after a month. That's a pretty good return on your money.

I actually took the $250. from one of my irregular accounts that isn't paid for another 6 months. It is a doable thing. Say, you have car insurance money that you save up until the renewal time; you could use that.

[Hedy]

I've had it for two months, and I like it.