The ING Direct Orange Savings Account is one of the best methods for saving money that you need easy access to. With its high interest rate, many people find the ING Orange Savings Account attractive.

ING is able to offer such high interest rates because it does not have many brick and mortar banks. You simply link your ING Orange Savings with your regular bank account and you can easily transfer money back and forth. These transfers can take up to five days, so make sure that you plan for the transfer time.

A few of the reasons you might want to consider the ING Direct Orange Savings are:

1. The high interest rate. There's no doubt that you will make more money if you keep your savings in the ING Direct Orange Savings Account than if you keep it in your regular bank account.

2. No minimum balances. Other banks may require you to maintain a certain level of funds in order to be eligible for the highest interest rates. An ING Direct Savings Account has no minimum balance.

3. No fees. You also won't have to worry about unexpected fees with your ING Orange Direct Savings.

Action Steps
The best contacts and resources to help you get it done

Compare ING Direct Savings Products to see what is best for you

It's important to understand your savings goals when you decide on a product. Most importantly, you need to know how quickly you need access to the money in your savings account.

I recommend: The ING Electric Orange Account works like a checking account. You'll get a debit card and free online bill pay. Money is instantly accessible, but the savings rate is a bit lower than other methods. Still, it's often better than a checking account at a regular bank. The ING Orange Savings Account is the most popular. You get a high interest rate and can access your money within five business days. If you know that you won't need to touch your money for several months, consider the ING Orange CDs, which offer the highest interest rates.

Make sure the ING Direct Orange Savings rate is competitive

ING Direct is a great company to do business with, and they provide excellent customer service. Still, it's important to make sure that their rates are competitive. If you can get a better deal with another company, you may want to do business there.

I recommend: HSBC Direct and Emigrant Direct are popular competitors to ING Direct. Check out their current rates and decide which plan is best for you.

Put more money into your ING Direct Savings Account with their additional savings tools

ING Direct is more than just a bank. They offer a number of tools to help you increase your savings.

I recommend: Check out the goal planning section at ING direct, which can help you decide how much money you need to save to reach certain financial goals, such as purchasing a new home or retiring comfortably. Then use their calculators and worksheets to go even deeper.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  With an ING Direct Orange Savings Account, you can automate your savings using the automatic payment plan. This means that you'll never forget to add to your savings account.