ING BANK- REALLY FREE CASH?

[md]

Looks like their savings account is at 1.1%.
I'll stick with earning 1 tax-free AA mile over a taxable 1.1%

Where do you earn AA on a savings or checking a/c? Is that an annual earning?

[Dan]

Where do you earn AA on a savings or checking a/c? Is that an annual earning?

BankDirect checking or savings.
Every month you get 100 miles per $1,000 in the checking account plus something like .1% interest.
If I refer you we can both get an extra 1,000 miles over the standard 1,000 mile signup bonus...PM me if you want a referral.

[Monsey]

BankDirect checking or savings.
Every month you get 100 miles per $1,000 in the checking account plus something like .1% interest.
If I refer you we can both get an extra 1,000 miles over the standard 1,000 mile signup bonus...PM me if you want a referral.

i know dan is dan but i thought there are no referral offers allowed on the site

[Dan]

i know dan is dan but i thought there are no referral offers allowed on the site

bingo 
If anyone else wants to pay the hosting bill though they'll also be welcome to post referral offers 

[md]

BankDirect checking or savings.
Every month you get 100 miles per $1,000 in the checking account plus something like .1% interest.
If I refer you we can both get an extra 1,000 miles over the standard 1,000 mile signup bonus...PM me if you want a referral.

It looks like the miles are only for the checking. I keep most of my balance in savings so I don't think it's worth the hassle for me to switch from a bricks & mortar bank. Thanks though.

[Dan]

It looks like the miles are only for the checking. I keep most of my balance in savings so I don't think it's worth the hassle for me to switch from a bricks & mortar bank. Thanks though.

What's the practical difference if you keep your money in checking or savings?
If a mile is better than 0.8% post-tax interest in a savings account I'm not sure I see the difference of the name of the account?

[md]

What's the practical difference if you keep your money in checking or savings?
If a mile is better than 0.8% post-tax interest in a savings account I'm not sure I see the difference of the name of the account?

Good point. I'm looking into it, but have a couple of questions that I'm not finding on the site. Are they FDIC Insured? How do you make deposits, do you have to mail them in?

[bosoxfan]

ING is as legit as they come. You can transfer money in and out via a regular bank account, i.e. Chase, BOA etc., or withdraw with their free debit card. the customer service is excellent and the website, while a little "old fashioned" is very easy to use. FDIC insured and all, up to $250,000 of course. I got $121 in a promotion last year.