1 Evan January 12, 2013 at 12:08 pm

I have been a huge fan of ING I just hope Capital one doesn’t screw up the system too much. I assume it won’t just b/c they bought the “direct” for its deposits

2 Addam February 27, 2013 at 1:53 pm

So Capital One 360 closed my direct deposit savings account because they said I had too many withdraws. I setup an automatic savings plan where I have Direct Deposit into one and 3 others pull from that (savings) when I get paid. Yeah… they said it was a violation of some federal law even though I’ve had it setup for 3 YEARS with ING and ZERO issues. SMH Time to close… here we go!

3 Michael February 27, 2013 at 1:56 pm

Addam: Interesting. I’m surprised to hear that. The legal limit is actually six withdrawals. Also, most banks will give you at least one warning before taking such drastic action. Have you called them to ask what’s up?

4 Rick March 12, 2013 at 12:30 am

Why no mention of American Express Personal Savings? Last I looked – a week ago – their rate on savings accounts was even higher than Ing – cough, cough – Capitol One 360. The web site and offerings are boring as beans, but if you want out of Capitol One 360 it’s a place to park your money at an even higher interest rate. No minimums to open either.

5 Michael March 12, 2013 at 1:51 pm

Rick: The alternatives listed above are based on my personal experience. I’ve never banked with Amex so they weren’t among the ones considered.

6 Dana August 6, 2013 at 8:25 am

I originally opened an account with ING for the no overdraft fees. Stayed abard with Capital One 360 after the acqusition until they dropped me for having three overdrafts within three months (each less than $5 short).

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