Orange Savings Account

ING Direct, or International Netherlands Group Direct, offers a high interest savings account called Orange Savings Account. The rate is a variable1.65% and is higher than common savings accounts. Orange Savings Account does not require any balance minimums and there are no fees to be collected upon application and for the months to come. The application for an account can be done in less than five minutes.

The ING Direct Orange Savings Account will be automatically linked to the depositor's current checking account. The depositor doesn't have to change banks or to go to a certain office to do the application. For first timers, ING Direct provides a flash animated demo tutorial on its website which presents a simple, yet comprehensive, introduction on the Orange Savings Account. Depositors can easily access their accounts online around the clock.

Existing Orange Savings Account holders complemented ING for the saving goals feature that aids depositors to save more by putting on funds to certain purposes, such as "New Sofa" and "Emergency Funds".

The depositors can open an Orange Savings Account in ING Direct by following these simple steps.

In the ING Direct Website, select the option "Open an Account". A page that displays the different types of accounts offered will appear. Note that there are retirement accounts and mortgage applications offered.

Choose the Orange Savings Account link and you'll be directed to a short overview of the Orange Savings Account and the interest rate for the current time. This page can also present a flash-enabled presentation that will tell you how the account works and what you have to do to open an account.

Read the terms provided and click on the "Open Now" link when done. A new page that will provide an overview of the terms for the orange savings account will appear and will display an overview.

An application will be provided and you should fill it up. The form will ask for the type of account you want to open and people will also ask for sensitive personal details needed for the new account, such as address, security number and phone number. After filling up the blanks, the information you have provided in the application form must be verified.

Before the international banks with your accounts, it will first deposit 1 or 2 small amounts of your banks account. After you have verified these small deposits, you can now log into your account and verify the deposits made successfully.

This featured bank have phone lines for their customer service departments call the numbers and inquire on the application details to have a more careful transaction and application. Also, make sure that you have read all the terms carefully. It is advisable to check the demo presentation to learn more about the basics of an orange savings account, the demo have animated clips and king sized font texts so it would be easy for all of use to read.