 Top 10 Questions |
Products |
Managing My Money |
Privacy & Security |
|
||||
|
||||
|
||||
|
||||
|
|
|
|
|
|
|
| The Orange Savings Account has one of America's highest
yields with no fees, no minimums and no catches. Your money will earn almost triple what it would make in an average savings or money market account. All deposits are FDIC insured up to $100,000 per depositor. What's the catch? There is none! |
The basics on the Orange Savings Account How do you calculate the interest on the Orange Savings Account? When are deposits available for withdrawal? How often will I receive a statement? Opening my account How do I open an Orange Savings Account? How do I know when my Orange Savings Account is open and ready? Using my account How long does it take for money I withdraw from my Orange Savings Account to appear in my linked account? Can I have more than one linked account to my Orange Savings Account? How can I add a joint holder to my Orange Savings Account? How do I set up direct deposit? How do I set up an Automatic Savings Plan? Orange Savings Account Terms & Conditions The basics on the Orange Savings Account How do I access my money? It's your choice. The personal checking account that you use to make your initial deposit becomes your linked account. At your request money is transferred electronically between your Orange Savings Account and your linked account. You can access your money via this website, you can speak with an ING DIRECT Sales Associate by phone, you can use our Interactive Phone Service, or you can handle transactions through the mail. And unlike other high-interest accounts that tie up your funds for months, even years, you can access your money anytime, 24 hours a day, 7 days a week. How do you calculate the interest on my account? Interest on your savings account is accrued daily, compounded monthly and credited to your available balance at the end of each month. When are deposits available for withdrawal? Initial deposits begin to accrue interest 2 business days after being processed. However, for security reasons, initial deposits have a 10 business day hold before they can be withdrawn. After this initial ten day hold has expired, funds that have been on deposit for more than five business days may be withdrawn and additional deposits may be withdrawn after five business days. How often will I receive a statement? You’ll get a statement each month there is activity on your account – in other words, a deposit or withdrawal. Interest payments by themselves are not activity. Your statement will show all accounts that you have at ING DIRECT. We recommend Customers go ‘paperless’ by enrolling in electronic statements, or ‘eStatements’. You can enroll in eStatements on the 'Preferences’ tab after logging in with your Customer Number and PIN. Customers enrolled in eStatements will receive an email notification explaining when and how you can view your eStatement on our secure website. We don’t send eStatements via email. Top Opening an account How do I open an Orange Savings Account? Opening an Orange Savings Account is quick, easy and convenient. The only requirement is that you have a personal checking account. In a few easy steps you can open your account online, or print an application to mail in. Still have questions…call 1-800-ING-DIRECT. How do I know when my Orange Savings Account is open and ready? If you open your account online today you will immediately receive your customer number and be able to view your account through this website. If you decide to mail in an application you will receive a Welcome Kit with your customer number once your account is active. In a separate mailing a personal identification number, PIN, will be sent to access your account information. Top Using my account How long does it take for money I withdraw from my Orange Savings Account to appear in my linked account? You will have access to money transferred from your Orange Savings Account into a linked account usually in two to three business days. How many accounts can I link to my Orange Savings Account? Up to three, including the checking account you use for your initial deposit. To add a link, mail in a check, for as little as one dollar, with your Customer Number and the word link on the Memo line in the lower left hand corner. For your protection, ING DIRECT places a temporary restriction on transfers to new linked accounts for 5 business days. Remember, however, that checks from brokerage or money market accounts usually cannot be linked account. If you see the words "payable through" on your check it cannot be linked. We also cannot use starter checks or money orders to link an account. How can I add a joint holder to my Orange Savings Account? You will need to mail in a new completed application along with a note requesting to add the joint holder. Click to print an application, or call a Sales associate at 1-888-464-0727 from 7 AM and 9 PM to request an application. For the joint holder to be able to move money in or out of the account they must have a linked account. This is not a requirement of joint holders who will not be moving funds, such as when a child is added to an account. You can mail the application with the check from the checking account of the joint applicant to: ING DIRECT, P.O. Box 60, St. Cloud, MN 56302-0060. Can I do direct deposit? Yes! Once you open an Orange Savings Account, you can access a simple form after logging in and clicking on the Orange Savings Account that you want to set up with Direct Deposit. Just look for the "Direct Deposit Form for this Account" link. You can then either print out the form and give it to your company’s payroll department or take the routing and account number information to fill in your company's form. You can also choose how much to direct deposit from your paycheck - all or only a portion – it's up to you. How do I set up an Automatic Savings Plan? To maximize your savings, you can request to automatically have a fixed amount of money regularly transferred to your high interest Orange Savings from your linked (low interest) checking account. You will be saving your money effortlessly.. You can set up an Automatic Savings Plan at the time you open an account. If you've already opened an Orange Savings Account, you can set up automatic transfers by calling an ING DIRECT Sales Associate at 1-888-ING-0727, or on this website by going to "View my Account" and clicking on the "Transfer Money" tab. Top |
Orange Savings Account