Answers

Is ING Direct banking Orange Saving Account worth it?
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I was directed to ING by a co-worker, the APY is 2.50% but it's an online bank, if i were to go for this, is it easy, convenient, and hassle free? Does anybody use this account?


I think it's worth it. The rate is pretty competitive with other online banks. I have a savings account with ING and I've been very pleased. The account setup seemed very easy and only took 15 minutes or so. I endorse them very strongly. One caveat is that if you choose to transfer funds from ING to your checking it can take 2-3 business days. If fast access to this money is necessary then you might keep shopping around. Good Luck.

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Arnold Schwarzenegger calls Royal Bank of Scotland Direct Banking www.prankmasterjph.com

What's the deal with ING Direct (Banking in Canada)?
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Is it really as awesome as the commercials make it seem? Anyone here bank with them? Are there high banking fees to offset the high intrest return rate? Is there *really* no catch?


I have been investing with ING for years. They offer some of the highest rates in the country and there really isn't any "catch". For example their savings account has no minimum and no fees. You can freely move your money between your regular bank account and your ING account. I have such confidence in them I recently opened an Electric Orange Account- this is a checking account without paper checks. You can use their bill pay to pay bills and you also get a debit card. The Electric account also offers great rates on a sliding scale basis. They even give you overdraft protection. I highly recommend ING.

What does a direct deposit look like on a banking statement?
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Just curious as to what a direct deposit looks like on the employee end of a bank statement. What does it usually say on the received line? An account number? The business name?


It usually has the business name and a bunch of numbers for tracking purposes, and appears with the other eletronic or automated deposits.

Is ING Direct available in the Philippines? Are there other banking services or institutions similar to this?
Dutch Orange Lion vs. Finnish Evil Piggy

I noticed in personal finance websites that ING direct seems to give a higher interest yields than most banks' savings accounts. You only have to have a checking account with another bank. But most of them are from the US. I want to know if it's possible to open an ING direct account even if you're not from the US. Or if there are similar institutions or services here in the Philippines which will give as much--4.5% per annum. Thanks.


Most banks don't care where you live. Call them and ask them

How do I know amtrust direct bank is safe to use CD?
Lots of Road, Few Cars

I am thinking about this bank for CD, but I dont know much information about them. I dont want to risk my money if I dont know anything about them. Besides them, I think about HSBC, capital bank, bank of america, but they are low interest. Amtrust direct is higher than those banks. But somebody give me more information about amtrust direct please? IS IT SAFE for my money?
Thanks


It depends on how much you are planning to deposit. Check for FDIC insurance & if they carry additional deposit insurance above the FDIC limits.


Bank levies for bank problems: EU Sydney Morning Herald

Plans produced by European Union financial services commissioner Michel Barnier's department, which will be examined by finance ministers from the 27 member states in Brussels on Tuesday, maintain it is "urgent" and "critical" that the bloc adopts "a coordinated approach" to such taxes.

Without that, the ability of member states to act in a way that "ensures prompt action in the event of major banking failures, protects the broader financial system and minimises costs to public finances, might be compromised," it concludes.

"Directing the proceeds of levies to the general budget, on the other hand, carries a risk that... could potentially handicap authorities' ability to coordinate intervention in a cross-border case," it underlined, warning that "the risk of significant distortions will increase."

A British government official earlier maintained that the proceeds of its bank levy would be used entirely at its own discretion, reiterating a fiercely independent line on all fiscal disputes and concerns that taxes raised in London or Edinburgh financial centres could be redirected towards eurozone partners.

News

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Weber Says No to Direct Bundesbank Loans, Rebuffing Steinbrueck Bloomberg

- Jul 07, 2009

Weber Says No to Direct Bundesbank Loans, Rebuffing SteinbrueckBloomberg“Only if the banking system were dysfunctional would central banks have to think again about possible action, for example buying company bonds,” Weber said Germany says no firm plan to use Buba for lendingECOFIN: Germany Drops Bid For Suspension Of Basel II Rulesall 80 news articles »
Temasek, Bank of China unit plan $1 bln-$2 bln fund Reuters

- Jul 09, 2009

Temasek, Bank of China unit plan $1 bln-$2 bln fundReuters of Bank of China, were in the early stages but both had agreed on the general idea of the fund plan, said the sources, who had direct knowledge of the Temasek,Bank of China unit plans $1-2 bln fund -sourcesall 31 news articles »
Banks' 'courtesy' loans at soaring rates irk consumers USA Today

- Jul 08, 2009

Banks' 'courtesy' loans at soaring rates irk consumers USA Today ABC NewsBanks' 'courtesy' loans at soaring rates irk consumersUSA TodaySenate Banking Committee Chairman Chris Dodd, D-Conn., said if the Fed doesn't curb overdraft abuses, he'll "pursue legislative action." Rep. Banks That Put You Firstall 23 news articles »
Rodman & Renshaw sees higher Q2 investment banking rev Reuters

- Jul 08, 2009

Rodman & Renshaw sees higher Q2 investment banking revReutersJuly 8 (Reuters) - Tiny US investment bank Rodman & Renshaw Capital Group Inc (RODM.O) said it expects to see sequentially higher investment banking revenue Rodman & Renshaw Capital Group, Inc. Announces Preliminary Market Report -- In Play (RODM)all 9 news articles »

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Internet bank providing a variety of services to U.S. domestic customers including savings accounts, home equity loans, and mutual funds.

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