ING Direct

Old Mar 15th 2013, 11:15 pm
  #1  
Anything,Anytime,Anywhere
Thread Starter
 
The Bloke's Avatar
 
Joined: Jan 2004
Location: The Magic Roundabout
Posts: 8,141
The Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond repute
Default ING Direct

I am interested in finding out whether anyone has any experience with ING Direct for savings accounts? In the past I have not dealt with a financial institution that is entirely online.
The Bloke is offline  
Old Mar 15th 2013, 11:29 pm
  #2  
BE Enthusiast
 
Joined: Aug 2008
Location: Canberra
Posts: 568
canadaeh has a reputation beyond reputecanadaeh has a reputation beyond reputecanadaeh has a reputation beyond reputecanadaeh has a reputation beyond reputecanadaeh has a reputation beyond reputecanadaeh has a reputation beyond reputecanadaeh has a reputation beyond reputecanadaeh has a reputation beyond reputecanadaeh has a reputation beyond reputecanadaeh has a reputation beyond reputecanadaeh has a reputation beyond repute
Default Re: ING Direct

Originally Posted by The Bloke View Post
I am interested in finding out whether anyone has any experience with ING Direct for savings accounts? In the past I have not dealt with a financial institution that is entirely online.
I have an ING Direct account for savings, and also had their everyday account. Found them great and no different to a bank with physical branches. (I never go to a branch for my ANZ accounts anyway). ING have excellent Internet banking and service is there on the phone if you need.
canadaeh is offline  
Old Mar 15th 2013, 11:48 pm
  #3  
Anything,Anytime,Anywhere
Thread Starter
 
The Bloke's Avatar
 
Joined: Jan 2004
Location: The Magic Roundabout
Posts: 8,141
The Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond reputeThe Bloke has a reputation beyond repute
Default Re: ING Direct

Originally Posted by canadaeh View Post
I have an ING Direct account for savings, and also had their everyday account. Found them great and no different to a bank with physical branches. (I never go to a branch for my ANZ accounts anyway). ING have excellent Internet banking and service is there on the phone if you need.
Thanks

I take it there is no difference with transferring funds, bpay etc to normal major institutions?
The Bloke is offline  
Old Mar 16th 2013, 1:53 am
  #4  
Account Closed
 
Joined: Sep 2006
Posts: 4,374
Margaret3 is an unknown quantity at this point
Default Re: ING Direct

Originally Posted by The Bloke View Post
I am interested in finding out whether anyone has any experience with ING Direct for savings accounts? In the past I have not dealt with a financial institution that is entirely online.
I deal with a savings account entirely online and have had absolutely no problems (and no problems with Bpay etc)
Margaret3 is offline  
Old Mar 16th 2013, 2:54 am
  #5  
BE Forum Addict
 
Joined: Jan 2003
Location: Brisbane
Posts: 1,566
Kiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to beholdKiwipaul is a splendid one to behold
Default Re: ING Direct

I had an account with them a few years ago they were fine. Only problem is now they are not offering a competitive interest rate.

Best at the mo are ME Bank (12 month intro rate of 5.1%) or Ubank ongoing rate of 4.99%.

They all have some restrictions you just have to live with it as the funds are guaranteed by gov anyway.
Kiwipaul is offline  
Old Mar 16th 2013, 4:08 am
  #6  
Daffyd Duck
 
commonwealth's Avatar
 
Joined: Jul 2008
Location: Paradise
Posts: 5,636
commonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond repute
Default Re: ING Direct

ME Bank is 5.1% only if you do it by 31/3/13.
commonwealth is offline  
Old Mar 16th 2013, 6:22 am
  #7  
Almost more Oz than Pom
 
KJCherokee's Avatar
 
Joined: Aug 2010
Location: Brisbane northern suburbs
Posts: 1,154
KJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond repute
Default Re: ING Direct

We have both an ING Direct savings account and an Orange Everyday account, plus we took out a home loan with them to do some renovations. Great to deal with.
KJCherokee is offline  
Old Mar 17th 2013, 3:35 am
  #8  
Forum Regular
 
Joined: Aug 2012
Location: Sydney
Posts: 59
Timmo84 is just really niceTimmo84 is just really niceTimmo84 is just really niceTimmo84 is just really niceTimmo84 is just really niceTimmo84 is just really niceTimmo84 is just really niceTimmo84 is just really nice
Default Re: ING Direct

I have an ING account as with some of my friends and haven't had any issues. I'd be wary about what the base rate will become after the intro period of 4 months. Currently the rate reverts back to 3.25% or 4% if you meet their loyalty bonus requirements
Timmo84 is offline  
Old Mar 17th 2013, 10:44 am
  #9  
BE Forum Addict
 
Pomster's Avatar
 
Joined: Apr 2005
Location: Western burbs, Melbourne
Posts: 2,260
Pomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond repute
Default Re: ING Direct

we have had an account with them for a while. Savings account you have to have a linked account (can be with any bank, but you must nominate) and money being moved OUT of ING can only go to this account. Guess it prevents fraud.

But if you have an Orange account that is a normal account.
All seems to work well and we found them easy to deal with from overseas.
Pomster is offline  
Old Mar 23rd 2013, 4:12 pm
  #10  
Just Joined
 
Joined: Oct 2012
Location: Perth, Australia
Posts: 19
OverRun is an unknown quantity at this point
Default Re: ING Direct

I've got a rather a few accounts & term deposits with them.

It took me a while to trust them with their online-only presence. Imagine how that got tested when one account disappeared briefly due to a technical hitch. It re-appeared but that was still a bit nerve-wracking.

However I now have more of my money with them than the Commonwealth Bank.

Why? By chance I know some of their senior people. Failures, they are. Bounced out of senior positions in the major banks for incompetency. Their ability to earn a good return on the bank's funds was considered poor. In the past, they completely bypassed the chance to invest in the [toxic] retail mortgage marketplace in the USA. Sort of NINJA-LESS people. Hmm, actually, my kind of money manager.

I'm pretty happy with my accounts & term deposits in ING. Interest rates are reasonable. Safety is damn good. I guess that I'll add more of my money to them as time goes by.
OverRun is offline  
Old Mar 24th 2013, 1:00 am
  #11  
BE Forum Addict
 
Petals's Avatar
 
Joined: Jul 2008
Location: Westernport Mornington Peninsula
Posts: 1,761
Petals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond reputePetals has a reputation beyond repute
Default Re: ING Direct

I have a few accounts with them and term deposits and I renew with them because they always give me a good deal when they roll over. No reason to move.

Been with ING for about 10 years now.
Petals is offline  
Old Mar 24th 2013, 9:55 am
  #12  
 
Joined: Jun 2006
Posts: 4,555
IvanM is an unknown quantity at this point
Default Re: ING Direct

They are easy to deal with.
IvanM is offline  
Old Mar 24th 2013, 12:23 pm
  #13  
Wol
Lost in BE Cyberspace
 
Wol's Avatar
 
Joined: Mar 2003
Posts: 9,397
Wol has a reputation beyond reputeWol has a reputation beyond reputeWol has a reputation beyond reputeWol has a reputation beyond reputeWol has a reputation beyond reputeWol has a reputation beyond reputeWol has a reputation beyond reputeWol has a reputation beyond reputeWol has a reputation beyond reputeWol has a reputation beyond reputeWol has a reputation beyond repute
Default Re: ING Direct

I like the ING website: it isn't populated with fancy infantile animations and juvenile ads - just straightforward, user-friendly links.

Our self managed super fund has usually got several term deposits with ING but they are slowly losing their edge on rates.

Same comments apply to RABO.
Wol is offline  
Old Mar 24th 2013, 3:37 pm
  #14  
Lost in BE Cyberspace
 
OzTennis's Avatar
 
Joined: Nov 2003
Location: Scotland
Posts: 7,949
OzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond repute
Default Re: ING Direct

FWIW, ING were forced to sell out to Barclays in the UK. We had accounts with ING with £1 in for a few years but didn't use them. However we got letters last week from Barclays to say they are running ING but retaining their name. This only affects the UK of course but ING are always trying to raise money to pay back the Dutch government for past indiscretions so who knows? FWIW I read that Investec offer the best rates to savers in Oz currently.

http://www.bbc.co.uk/news/business-19880659

http://www.investec.com.au/

RBS bit off more than it could chew in taking over another Dutch bank, ABN-AMRO, which had concealed squillions of toxic loans in the US.

Banks and bankers, who trusts them?
OzTennis is offline  
Old Mar 24th 2013, 10:23 pm
  #15  
Almost more Oz than Pom
 
KJCherokee's Avatar
 
Joined: Aug 2010
Location: Brisbane northern suburbs
Posts: 1,154
KJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond repute
Default Re: ING Direct

As far as I know ING in Australia is owned by ANZ.
KJCherokee is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2022 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.