The Writer’s Coin

I’m a big fan of ING’s, I’ve made that pretty clear in the past. With all the drama surrounding the banks right now, a lot of people are getting nervous about losing their money. That’s why making sure your bank is FDIC insured is so important — you’re covered for up to $100,000 no matter what happens. And in the 75-year history of the FDIC, not a cent of insured deposits has been lost. ING is, of course, FDIC insured. I also think that ING is a great place for anyone to start when it comes to organizing their finances. Saving is the first step before you get to investing, and ING makes that easy.

But what if you are getting close to that $100,000 in the bank? Well, good job! But what you want to do is deposit the overflow in a different FDIC-insured account so that all your money is safe. You can have as many of these open as you want (as far as I know).

Anyway, I still have a bunch of referrals left through ING so if anyone out there is interested in opening an ING account and wants to make an easy $25, email me and let me know. I’ll send you the link. You can read the full ING scoop over here.

Happy savings!

Tags: high-yield savings, ING, savings account