ING Direct Term Deposit Account

ING Direct Term Deposit Account Review

We all know that any money that you are not currently using should be put to work earning interest for you. The problem with many bank savings accounts is that they charge low interest rates or charge balance and account fees that diminish any rewards your money has earned by the end of the term. So, in order for your money to earn what it should be earning, you will want to carefully consider where you are placing it.

Personal Term Deposits

The ING Direct Term Deposit is designed to help you put your money to work earning the maximum amount of interest. As part of a dedicated savings plan, an account such as this could help you to reach your goals for savings. This account also lets you choose the term for the account, so you can pick a time frame that best fits with your personal goals. If you are looking to place at least $10,000 into a savings account and are looking for a great rate of interest, then the ING Direct Term Deposit account may be the right option for you.

At the end of your account’s term, renewing your account with ING will result in a Loyalty Bonus, whether you choose the same or different term limits. This bonus adds 0.10% p.a. to your interest rate. This bonus is not cumulative. The account also doesn’t charge any account fees, so you don’t have to worry about losing your savings in unnecessary fees.