Great online banking (ING Direct)

Member Name: stuff10

Product:	ING Direct
Date:	27/05/09 (29 review reads)
Rating:

Advantages: Website is easy to use and seems secure, easy to transfer your money

Disadvantages: Linked to the current interest rate

ING Direct is an excellent way to manage your savings online. I have been an ING customer for around 8 years now and I'm very impressed with their service.

ING is a dutch bank that has expanded into the UK market over the last decade or so. They currently offer savings accounts, mortgages and home insurance which can all be arranged through their website at www.ingdirect.co.uk

I only have a savings account with ING, so cannot comment on their mortgages and home insurance. What I can tell you is that the ING Direct website is very quick and easy to use to manage your money. The log-in process seems pretty secure, asking you for your customer number, surname, a memorable date and selected digits from you PIN.

Each savings account can have a number of different sub-accounts within it. So, for example, I have one account for holiday money, one account for my car and one account for my general savings. This makes it easy for me to separate my money and see exactly what I have for each purpose.

Transferring money between accounts is very easy to do - simply select which account you want to transfer your money from and where you want to transfer it to and click on submit. If you're transferring money to/from another bank then the transfer is done through BACS and usually takes around 3 working days. There is no fee for transferring your money and you can make as many transfers as you like.

I'm very impressed with ING and I have no need to look elsewhere for another savings account, even in this financially troublesome time.

Summary: Offers everything I want from an online savings account