Benefits of being an orange savings account holder
Orange Savings Account is a savings account which offers a very high rate of interest. This service is offered by ING Direct. This bank offers extensive online banking services and takes care of all its business online either by phone or by mail. Let us explore the advantages of being a proud holder of an orange savings account.
- The Annual Percentage Yield or the APY is at a much higher rate of variable 1.65% as compared to the usual bank savings accounts. This is something which is worth mentioning as we all look forward to increasing our money all the time.
- An orange savings account does not require you to pay any kind of fees or a minimum amount to be kept as balance in the account. Of course the interest depends on the amount in the account.
- Transferring your hard earned money is completely trouble free. Its free and easy to use website makes it convenient for you to check you balances or transfer your money. The site allows you to work online and do your tasks anytime and from anywhere.
- FDIC insurance is also a great relief for the account holders of orange savings account. Your deposits are all FDIC-insured up to 250,000 dollars for each depositor. FDIC insurance ensures that care is taken to keep your deposits safe and also guarantees the safety for your hard earned money.
- To use the services online the login process is very simple. There almost no complications and no wastage of time. All you have to do is link your new account to any of your other banking accounts using a check link. Then confirm two small amounts deposited by them. In short, give yourself 5-10 minutes to get started.
- Orange savings account also offers Direct-Deposit option. With the help of this feature you have to submit a special form and you will be without human intervention given a percentage of the rate placed into your account.
So now you know why people the world over prefer using the orange savings account. This is because of the convenience to use it, 24/7 accessibility to your accounts and related information, no minimum balance requirement and a higher rate of returns on your investment as compared to other accounts. Apply for one if you don’t have and enjoy the benefits.
