What is ING?

Someone left me a question on what exactly ING is…so just in case anyone else wants to know…

ING Account is an online savings account.  Currently, they offer a 3.3% APR, which is like 3rd highest in the country.  However, the bonus for picking the 3rd highest (as opposed to the highest %) is that there are no minimums, no fees, AND you get a $25 bonus for opening an account (I also get $10 for referring you) so everyone wins =)

It works as a complement to your checking account.  In other words, you'll provide ING with checking account & routing number information, and then you can electronically transfer funds to/from savings/checking.  The coolest scenario is that you can open an account with $1, get your $25, and then close the account 30 days later (if you want).  However, I think that with such a high rate, you'd be inclined to leave the money there for a bit...

Let me know if you have any other questions...