ING Checking

[poundwise]

As an aside: Many people are utilizing checking accounts offered by local banks and credit unions that are presently yielding 3.00% to 4.00%+. Though these accounts have certain stipulations, such as using a debit card a certain number of times per cycle, etc., these account rates are substantially better than even the top online-only bank checking accounts today. You can use CheckingFinder to locate these offers.

[tmvijai]

I do agree local CU and banks are more competitive these days but it comes with lots of strings attached. I wrote in my blog about it. It sometimes doesn't work out all that well and doesn't fit your situation all the time. You get stuck inside the web which is there motive and can't get out. So be careful when you are signing on to high interest rate schemes if there are lot of strings attached like 4 check card transaction, min. balance maintenace and so forth.

[poundwise]

I do agree local CU and banks are more competitive these days but it comes with lots of strings attached. I wrote in my blog about it. It sometimes doesn't work out all that well and doesn't fit your situation all the time. You get stuck inside the web which is there motive and can't get out. So be careful when you are signing on to high interest rate schemes if there are lot of strings attached like 4 check card transaction, min. balance maintenace and so forth.

Agreed, I do not use one of these accounts myself because of the stipulations involved, however, many people use their debit card every day and otherwise wouldn't have any problem meeting the requirements.

A 4.00%+ yield in this current rate environment is amazing. So, for the person who doesn't mind the strings, such an account would be ideal.

[conancare]

Hi Poundwise,
Currently it's more than 6% in several banks so i think it's not a bad deal at all.

Regards,
Conan.
kotaksecurities.com

[amarowsky]

I use ING, have had no problems with it. I mainly used it for Direct Deposit as well, also I started with them when they had their 3% in their orange accounts. I used it mainly for a spot for my EF. I wound up branching to their stock portion of their site, I believe you can trade for as low as like 3 or 4 bucks if you do scheduled purchases, but one time stock purchases were still only like 10 or 12.

I like ING, just wish their rates would jump up again!