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Ing Direct Orange Savings Account

The ING Direct Orange Online Savings Account has earned steady praise over the years from customers and critics alike, and with good reason.  The Ing Orange Account offers consistently high interest rates with no fees and no minimum balance, making it one of the best online savings accounts available.  Another nice benefit is the ability to link your ING savings account with a checking account at another bank.  This allows you to shop independently for the best checking and savings accounts out there, without having to move your money around. Applying online is easy, taking less than 5 minutes, and you can access your Orange savings online 24/7 via the ING Direct Web site.

More Bank, Less Brick

So how is it that ING accounts pay rates that are so much higher than traditional banks, without charging fees?  It's because Ing doesn't maintain expensive branches like traditional banks.  Those marble halls at other banks may look impressive, but never forget that you pay for them in the form of fees and poor interest rates.

Not For Everyone

Of course there is a downside, in that with the Orange account you don't have the option of meeting with your banker in person.   If this is a deal-breaker for you, you'll have to look elsewhere. Good alternatives include Washington Mutual , which offers a nice savings account bundled with its online checking accounts, and the , which pays a good rate for balances over $10,000. Both have large networks of local branches and ATMs.

Would you Rather Waste Time In Line, Or Save Time Online?

Finally, as their customers will tell you, chances are you'll be pleasantly surprised by Ing's service.  ING Direct offers prompt, courteous telephone and email support for Orange Savings Account holders, 8am-8pm, 7 days a week.  With quick, fee electronic payments to and from checking accounts at any bank you like,  you'll soon wonder why anyone chooses to stand in line at the bank, just for the privilege of paying higher fees and getting lower rates.

Rate Watch: The Orange Savings Account currently earns a variable APY, with no fees and no minimums.