Should I open another savings account?

by **Kelly** on Fri Oct 23, 2009 8:31 pm

I currently opened a Way2 Save savings account with Wachovia. The account only allows me to set up a weekly or bi-weekly money transfer. I can't randomly put money into my savings account. I have been hearing a lot about ING savings accounts. What are you opinions on opening a second savings account through ING?

thanks!

by **achilles19282** on Fri Oct 23, 2009 8:51 pm

Some of those online saving accounts offer very competitive rates so not a bad idea if you have some lying around in checking etc.....as for how often you can transfer (make deposits), my saving accounts with everbank and discover have no limits....i can send a check or do online transfers whenever I want.

by **VicJ999** on Sat Oct 24, 2009 2:23 am

I have had an online savings account at ING, and it worked well. I switched to HSBC online savings because they offered a higher interest rate. Now ING and HSBC are both the same.
They both offer rates about 3 times higher than my Chase account.

And you can deposit and withdraw anytime. It takes about 4 days for the funds to show up at HSBC from my Chase account.

Should I open another savings account?