Comments on: Top 5 Online Banks: Savings or Checking Accounts

By: Gjohnson2128

Gjohnson2128 — Wed, 23 Sep 2009 19:44:16 +0000

HSBC recently turned me off. I have had an excellent CC account with them and several others for years. NO derogatory marks. I had recently been seeing many favorable articles concerning them and was seriously considering openining an on line account with them and to sign up for credit monitoring through them. Then suddenly they cut my credit limit affectivly immediately and consequently a charge which was being processed was rejected for $1.00 over the new limit costing me several thousand dollars. I’m paying off and closing my account with them

By: amy

amy — Sat, 12 Sep 2009 18:50:24 +0000

does anyone have an acct. w/. #1 Everbank high rates???

By: Bev

Bev — Thu, 10 Sep 2009 18:53:29 +0000

I had an unpleasant experience with ING. I’ve met people who were pleased, but I found them cumbersome to deal with. Their customer service was unfriendly & unhelpful. Setting up the account was tedious, but I got through it. Then I found out that I could never write a check on the checking account. Granted, I usually make electronic payments, but I sometimes need an old fashioned check.

You rated FNBO #1 for all the reasons I can’t stand ING. I’m setting up an account now.

By: lyn

lyn — Thu, 10 Sep 2009 11:35:48 +0000

Wamu has been sending out free 100.00 opening balances for new customer accounts-that’s a sure sign of desperation.

By: Martha

Martha — Sat, 29 Aug 2009 22:31:48 +0000

Hi, I just opened an account to get away from WA-MU, ever since they started to be taken over by chase they have let their customer service to down the toilet. Our direct deposit that hits our bank thursday night is now not available untill Tuesday AM, used to post Friday AM, they (Chase) is a corporation set out to screw the working class americans. What ever happened to Honest Banking….

By: Sandy

Sandy — Fri, 28 Aug 2009 19:25:14 +0000

I am also thinking of closing my ING direct after being told of this absolutely ridiculous fact.
Also in order to add a joint owner she needs to have an account in another institution first.

People please do not overlook these often ignored nitty gritty details.

They can come back to haunt you.

By: Anonymous

Anonymous — Thu, 27 Aug 2009 16:20:19 +0000

Hi
I have a joint account with my husband at ING.
If I pass away, he gets it.
So if there is one person in mind you would like your assets to go to, make it a joint account.

Josie

By: JUAN GONZALEZ

JUAN GONZALEZ — Thu, 27 Aug 2009 15:10:01 +0000

I recently tried opening an account with Discover Bank since there 2% on savings accounts seems good. The bad part is that their system just does not work. Everything apparently runs slow and when you call you wind up talking to 4 different people who ask you the same security questions but still can’t access your account. I wasn’t even able to transfer money into a new account. Basically you have no access to your account information online until they decide to approve you. You can’t even give them your money because they won’t do anything until your account is approved and that can take a week. This is after they tell you that you have already been approved. This bank just seems like a joke with employees that have no idea who the system works because it’s so complicated or they are just poorly trained. I would avoid this online bank at all costs.

By: Gehlen

Gehlen — Sat, 22 Aug 2009 22:14:58 +0000

Errr…What about if the savings is short-term as in a timeframe of less than 5 years? In that case, your advice would be ill-advised. However, if it is long-term savings (ie. retirement), then your advice is golden.

By: Anonymous

Anonymous — Mon, 17 Aug 2009 23:15:31 +0000

Forget the savings accounts… invest in good growth mutual funds with a dieverse portfolio. 1/4 of all your savings vested in the four different risks categories. Savings accounts cant compete with the long term benefits of mutual funds.

By: Alice

Alice — Tue, 28 Jul 2009 21:21:37 +0000

I opened the on-line savings with Discover bank. Their service is extremely slow. I registered on- line but they haven’t sent me the password for more than one week, so I can’t still check the balance. In addition, I requested the Discover CD which matured be transferred to savings account. Again they haven’t done so for more than a week. The money is somewhere without any interests for one week. The phone consultant said the money will be transfered on the CD mature date. He didn’t know what he was talking about!

By: Unhappy w ING

Unhappy w ING — Mon, 20 Jul 2009 16:23:46 +0000

I have had terrible experiences with ING bank and have recently closed an account and have even taken out a premature cd. They have terrible customer service, their representatives either don’t know what they are talking about or lie, and they don’t explain their policies to you. Just a warning- don’t use ING.

By: Jost

Jost — Sat, 18 Jul 2009 16:36:57 +0000

Gia stated more than one checking account under the same name.

You CAN have more than 1 checking account with ING – I do.

Electric Orange accounts yes – and you can have more than 1.

But it is true about the Allpoint free ATM’s but they will reimburse you up to $15. I think it depends on when you opened your account also.

By: Susan

Susan — Sat, 18 Jul 2009 03:06:30 +0000

I started my ING acount with 3.75% and in less than 6 months it dropped to less than 1. So it is far from #1.

By: Rob

Rob — Tue, 14 Jul 2009 14:54:19 +0000

Hey frugal dad where does he say ING is #1 other than ease ofuse? It looks like EverBank is rated #1.
I have a ING account and it is easy to use but my rate has fallen to 1.40% which is noteven close to #1.