Orange savings accounts as an interesting investment option

 Today there are way too many options out there when one has decided to invest a said amount of money. It can include traditional savings bank and checking accounts to more rash stock markets and money market funds. The Orange account is one such investment option that helps save money without incurring any risk.

It’s not a get rich quick option, but it definitely provides better returns than a savings account. You can very easily put around ten percent of your income in the account and expect it to grow conservatively without any fluctuations. 

The first step that you need to take to open such an account is to visit a bank that provides this product. ING specializes in this field of operations and you can check out their account. Else you can get hold of a broker who can introduce you to a bank. And a broker will also provide you with a bonus unlike going to the bank on your own. 

The benefits of having an orange savings account are tremendous. You can get an average interest rate of around 1.5% per annum compared to the 1.3% that you would get with conventional savings accounts. 

The account can be maintained without having to pay any fees. The minimum balance is just one dollar. 

You can access the funds through more than 32000 ATM’s through the all point network through out the country. 

You can set up an online account very easily. This will ease transactions such as withdrawals or transfers or deposits that can be time consuming if done physically. 

You can link a number of accounts together and access them from the same web page. This way you can transfer within the accounts or make transfers to other external accounts. You can connect up to five different checking accounts to the orange savings account. You can also automate things like bill payments that can be quite a head ache and not to mention time consuming. 

The account is also insured by the FDIC or federal deposit insurance corporation which makes your principle amount safe. 

All you need to open an account is a $250 deposit. With this deposit, you will get a $25 bonus for opening the account. You can now deposit and use this account like any other conventional savings account. Only there are a few differences like for example you can only withdraw funds three times every month.