Highest Interest Savings

One of the highest interest savings accounts that we are going to review is the ING Direct high interest savings account. The ING Direct Orange savings account offers one of the highest interest rates of any online bank savings accounts. This article will provide a review of the ING Direct high interest savings account.

The ING Direct Savings Account is a great high interest savings account. In fact, I have an ING orange savings account. The ING Orange savings account has a variable annual percentage yield of 3.00%. At 3.00% this is one of the best savings accounts online. To learn more about the importance of compounding interest, read best rate saving.

One of the nice things about ING Direct is that it is FDIC insured. In today’s uncertain banking environment and mortgage crisis, you need an FDIC insured savings account. Let’s face it, 3.00% is not an acceptable rate of growth if you were investing in the stock market. So, if you are going to settle for 3% interest, make sure your savings account is FDIC insured.

The ING Direct high interest savings account is also a good option for people just starting out due to the fact that it has no minimum balance requirement. Anyone can open an ING Direct orange high interest savings account since it has no minimum balance requirement.

The ING Direct high interest savings account is great if you are searching for the highest interest savings. You definitely need to open a high yield savings account and ING Direct is a good option for any saver.