Are ing orange accounts safe?
On One Hand: ING Orange Accounts–FDIC, Secure Online BankingING Direct is an FDIC insured bank, with its national headquarters in Wilmington, Del. The financial institution prides itself on its online and phone banking, and boasts 7.6 million customers worldwide. It is known for providing a secure, high-interest, online banking experience. Its Orange Accounts include checking, savings and mortgage options.On the Other: ING–Below Average Financial ConditionsThere are no safety issues with ING Direct Orange Accounts when it comes to protection and FDIC insurance. However, bankrate.com rated ING Direct with two stars in its “Safe & Sound” program, based on a “below average financial condition” in the areas of net interest margin, non-interest income and capital adequacy.Bottom LineThe pros outweigh the cons in reviews for ING. The Orange Account promotes a 4.10 percent APY, with no fees or minimum balance. The FDIC insurance is also lauded by a number of websites.
