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[ToO LaZy ^*]

Can someone advise me on how ING works.. e.g how do I set an account up (all I have is a Debit (Savings) account with the ANZ bank).. how I transfer money into the account.. how I can get money out.. how often they pay you interest... any fees and charges etc.

go to their website: www.ingdirect.com.au
get their information pack sent to you
fill out some forms (about your existing account etc)
attatch the most recent bank statement from your existing bank account
send it in and you should receive a conformation letter in about 4-6 days with all your online account details (account number/password)...

all transactions are made online..coz there are no branches, but it's very easy to transfer money in and out..interest is 5.40%p.a compounded daily...then added to your account every month

yeah. ING is great!..no bank fees whatsoever!

EDIT: oh damn!!!..beat me to it

 

[Collin]

Wow, thanks Missssssssssshhhhhhhhhhka and ToO LaZy ^*.. never realised it was so easy! I'm definitely gonna get into this.

 

[addict]

well, i have about $200 in one account,
$150 in the account linked to my key card,
$500 limit on my credit card (never used)
and about $200 in cash around the place in my wallet, room etc

there was a time before my credit card joined the system that i had almost 4grad, but then i went overseas n spent it all n had to pay my parents back for the extra money i spent...and i went in jan so it will take a while to build it up again with all the uni expenses n going out more than i used to...

 

[ToO LaZy ^*]

oh..and i almost forgot my most important source of cash.
my 45k limit credit card.

 

[addict]

thats a nice limit...my parents only let me get 500, i could've have 1000 but yeah

 

[Collin]

oh..and i almost forgot my most important source of cash.
my 45k limit credit card.

45K? Shit dude, you better hope no one mugs ya.

 

[iambored]

i only set mine up like a week ago so i dont know what i get yet..
i set it up coz i had the money in my bank account so i kept spending it coz it was there

a very good idea. for me it's a case of out of sight, out of mind, i forget i have the other account

 

[doe]

not long ago in the afr they had a list of the top 75 savings accounts. this is the top 15. the bankwest % is really 5.25 with a .75% bonus for the first year only. the access methods # means the diff ways you can access your $. i typed this up for my sister overseas so i thought id post it here

Institution			Account Name		Interest	Access Methods

BankWest Direct			TeleNet Saver		6.00		3
Railways Credit Union		Express Saver		5.70		2
Easy Street Fin. Services	Easy Savings		5.65		1
QLD Profession Credit Union	Netsaver		5.60		2
Esanda				Online Saver 		5.55		1
Suncorp - Outside QLD		Everyday Options	5.55		3
Citibank			Online Cash Manger	5.50		7
Members Equity			InterestME Savings	5.50		5
QLD Police Credit Union		Netlink Direct		5.50		2
Austral Credit Union		Net Saver		5.45		3
ING Direct			Savings Maximiser	5.40		2
Suncorp				Everyday Options	5.40		3
Companion Credit Union		Savings Direct		5.35		4
Satisfac Credit Union		Premium-at-Call		5.33		5
AMP Banking			easySaver		5.30		2

 

[ToO LaZy ^*]

wow..thanks man..i'm gonna look up on these

 

[hiphophorray123]

oh..and i almost forgot my most important source of cash.
my 45k limit credit card.

pfffft that nuffin

 

[s.m.i.t.h]

go to their website: www.ingdirect.com.au
get their information pack sent to you
fill out some forms (about your existing account etc)
attatch the most recent bank statement from your existing bank account
send it in and you should receive a conformation letter in about 4-6 days with all your online account details (account number/password)...

all transactions are made online..coz there are no branches, but it's very easy to transfer money in and out..interest is 5.40%p.a compounded daily...then added to your account every month

yeah. ING is great!..no bank fees whatsoever!

EDIT: oh damn!!!..beat me to it

is there a catch?

 

[hiphophorray123]

i havent found a catch yet

 

[iambored]

is there a catch?

no, what type of catch? a lot of the high interest accounts don't have any fees

 

[theone123]

the catch is to get it link to your other accounts and it is reported to the ATO

 

[my sharona]

$212.50 in my wallet.
$100 bill somewhere in one of my books being employed as a bookmark.
$12 worth of winning scratchies.
$5.51 someone owes me from eBay.
$25 001.00 in ING.
$410.24 in my bank account.
My boyfriend owes me $800 worth of car repairs.

But here's the best bit... my parents are paying my HECS.

 

[pete_mate]

hmm i have around

2000 invested in some long term account i got this money of an aunty that died this money is at a hight interst rate
i have another 2000 invested in ing only on their 5.4 %
i have around 600 + in my pay pal account
i have 1280 or something in my comm bank account
+ i got cash here...like 300
+ a credit card with a 500 limit....
+ people own me around 400 on ebay...
300 from last night alone

probly going to invest another 400 into some product this week...
shouls make dubble my money easy

ive never had a job in my life aswell...never got paid a wage....

also when i grow up i don want to work o a set wage thats not my style i want to be the one payed the money first then hand it to people who work for me....

i believe in starting my own business aswell, but.. its sounds like your a drug-dealer at the moment?

 

[Ranger Stacie]

$630 in my savings
my car, which i spent 4k on
$50 that my best friend owes me
$200 that my brother owes me

 

[colboltic_dream]

Wallet: $157.65 (i just checked lol)
Bank (money I get from working and use): around $2000
Savings (my grandparents put money in my bank every few weeks ever since I was born).. I have no idea. I dont want to look cause i'll be too tempted to spend it cause im saving up so I can finally move out

 

[Cyph]

$15k in shares.
$200 in ING.
$2.36 in bank account.

 

[Katie123]

i'm getting the ING info pack sent to me so i can have a look. I really need to save money and fast. AND i need to get a job