ING Direct...

[JB2K]

...is up for sale -- early suitors include GE and Capital One.

 

[DawnM]

Seriously? GRRRR!!!!!!!! If Capital One buys them out I may have to pull my funds due to DH's job and conflict of interest.

Dawn

 

[j's m]

And there go the interest rates, not that they're that great now.

 

[arthur06]

I just opened an ING account last month. I would hate to close it already.

 

[disneysnowflake]

Ugh. I wonder how much ING will change once it changes hands.
Any other decent savings sites like ING? My local bank's rates are a joke.

 

[sydneysmom]

THAT SUCKS !!! I have loved ING since it's inception....it's going to bum me out if they sell out. But I will move my money elsewhere for sure if that happens. (if they start changing everything)

 

[Minnesota!]

UGH!!!! I love ING and will DEFINITELY pull my money out if they sell out.

 

[ZooKeeper13]

THAT SUCKS !!! I have loved ING since it's inception....it's going to bum me out if they sell out. But I will move my money elsewhere for sure if that happens. (if they start changing everything)

Same here! I used to also use NetBank & they got bought out by ING so that account just got rolled into my ING one. Anybody use any other internet bank that they're happy with?

 

[DisneyBill]

Same here! I used to also use NetBank & they got bought out by ING so that account just got rolled into my ING one. Anybody use any other internet bank that they're happy with?

+1

Also use Emigrant Direct and consider both ING and ED to be comparable.

 

[Swimalie]

Yuck! Although my dad worked for GE for almost 30 years so if they bought it, I think I'ld be okay with that. I have Capital One for my business banking now and while there aren't any problems, I'm not happy having such a big bank for my business. I keep it because they have free coin counting. We have had ING for about 13 years and love it. I really hope they don't sell.

 

[nunzia]

THAT SUCKS !!! I have loved ING since it's inception....it's going to bum me out if they sell out. But I will move my money elsewhere for sure if that happens. (if they start changing everything)

OH NOOOO..and they own Sharebuilder where I have my stocks...shooot..Well, we shall see and if needed I'll shift to EverBank (my friend loves them..)

 

[nunzia]

<<<<European Regulators
The European Union is requiring ING to sell the U.S. unit by 2013 as a condition of a 10 billion euro ($14.7 billion) government bailout. ING is also divesting its insurance units to comply with the terms.

“Getting the ING Direct USA sale off their plate will free up management time for the other tasks at hand,” said Robin van den Broek, an ABN Amro analyst in Amsterdam. ABN Amro, which has a “buy” rating on ING’s stock, estimates the unit may fetch as much as $10.2 billion.

A sale of ING Direct USA may also require ING to shift a pool of Alt-A mortgage assets. Those assets, mostly held in ING Direct USA, were part of ING’s bailout, when the Dutch government agreed to assume 80 percent of the risk of the portfolio. >>>

Wow..I didn't know ING had had a bailout...ack

 

[bicker]

No wonder their products and services were better than other banks - they were underselling their competitors by operating unprofitably on the backs of their nation's taxpayers.

 

[rflorek]

If Capital One buys them, I am out of there as quickly as possible. I've had nothing but horrible experiences with Capital One.

 

[Swimalie]

Wow..I didn't know ING had had a bailout...ack

I didn't know they had a bail out either.

 

[cglaura]

If Capital One buys them, I am out of there as quickly as possible. I've had nothing but horrible experiences with Capital One.

I've had the opposite, they are the only bank I've not had issues with. I only use Savings/Checking though, I don't have a cc with them.

Their rates are better than ING right now, but I realize all that could change, and may not bet better than other banks out there.

Checking is 1.01%, any balance, while at ING, you need $50,000 to get to that rate, otherwise .24%

Savings is 1.10% once you have $1000, ING is 1% (small difference, but comparable...).

Capital One has no fees, no minimum balance charges.

If you have a high balance or do have one of their cc, you can get bonuses also:

Receive a 10% bonus on your interest earned. Get quarterly bonus based on your interest earned with an average balance over $10,000, or an active Capital One credit card.

 

[ajh88]

Although I had been happy with my ING accounts, I decided a few weeks ago to switch to a local bank instead. My account was officially closed on Friday. What a bummer.

 

[Sagginit]

if the rates drop any more i may have to switch. at this point i feel like i get nothing in interest considering how much i have in my ing. i tried shopping around but found local banks to be comparable. instead i have just been putting my extra $ towards paying off my student loans with a higher interest rate. i asked my friend about this recently, as she has had an ing for over four years. its her ER fun so she doesn't even touch the money that is there, she just lets it collect interest. she had no idea how much the interest rate had even dropped to! well i guess she will figure it out eventually lol.

 

[AndreaDM]

Funny that the banner up top for me is ING. I too will close my account, I DESPISE GE, nothing but horrible experiences with GE money.

 

[Where'sPiglet?]

Savings is 1.10% once you have $1000, ING is 1% (small difference, but comparable...).

Capital One has no fees, no minimum balance charges.

If you have a high balance or do have one of their cc, you can get bonuses also:

Receive a 10% bonus on your interest earned. Get quarterly bonus based on your interest earned with an average balance over $10,000, or an active Capital One credit card.

How do you sign up to get the bonus interest? I have a Capital One credit card, but I'm not getting any bonuses.