Why do many people prefer the orange savings account?

The ING Orange savings account is considered the best financial product as it offers incredible rate of interest and yet keeps the entire process quite simple as well as straightforward.  Mortgage loans are offered by ING Direct at extremely low as well as adjustable rates and the process is also very simple.  The ING Direct is a bank which does all its business online, over phone or via mail.  The ING Direct offers the Orange Savings Account where the interest rates that are offered are very high.  The main features of this account are the high interest rates on savings account.  It has an APY where the variable earned is around 1.10%.  This account is FDIC insured and it has no requirement of a minimum balance and there are no fees charged.

The Orange Savings Account:

This is a very convenient and easy to use account.  It has a high annual percentage yield and high interest rate on savings.  This account requires no minimal balance and there are no fees charged.  However, this account has a requirement of a basic amount as an emergency fund and the interest rates offered are at least 3% or more.  To earn the interest in an Orange Savings Account one needs to keep at least $1,000 in the account.  However, if one is unable to keep that amount and keeps just around $100 as emergency fund there is still interest that is earned on that amount.  This account is impartial and provides interest to all of its clients.

It is fairly simple as well as trouble free to transfer money into a current checking account.  This account can be accessed 24/7.  Transfer of funds is also simple since everything is online.  Since this is an FDIC insured bank the money is safe and secure as the FDIC offers guarantee against all the deposits (up to $25,000) for all its customers and hence the benefits of the bank being governed by FDIC goes to the customer.

The Orange Savings Account also has a Direct Deposit option.  This is a handy option for those that are not very careful with their money or savings.  This account offers many benefits to its clients and yet manages to keep the banking charges at a minimum.  It earns like a savings account and works like a checking account.  Signing up for this account is a simple procedure and can be done online.