The summer months go the same for all students – we work monotonous jobs so that we can save up enough money to do something worthwhile during our school year. Why not turn things around and have that summer money work for you during next semester? So in the spirit of our summer drudgery, I’d like to bring up an older post on saving money and how to earn interest.
ING Direct Orange Savings Accounts offer 4.5% APY on all money saved through their online bank accounts. Last year alone I collected $300 in interest on the money I had saved during the summer and any jobs I picked up during the school year. For those of us who slave all summer to make a few dollars it is nice to know that our money is working and earning more money. The best part is opening an account takes less than 5 minutes to complete and you start earning interest the next day.
I know 4.5 % may sound too good to be true for a savings account but ING Direct is solely an online operation meaning they have low expenses and can pass their savings on to you in the form of interest. If you are like me and are concerned with security, rest assured as ING makes protecting your money and identity a top priority. They are FDIC insured and have developed extensive account protection programs for added security.
If you have additional questions regarding how Orange ING works, visit the original post on savings accounts, email me or leave a comment below. Enjoy your summer savings!
