Feb 18 2008
ING Direct vs. Virtual Bank
How does Virtual Bank compare with ING Direct?
I decided to open a Virtual Bank savings account. They gave me $20 for opening it, so I figured I don’t have much to lose. To me ING has clearly been the best online savings account in terms of features, interface, and overall user experience, but I am trying to keep an eye out for other up and coming great online banks, so I decided to check out Virtual Bank.
ING Direct and Virtual Bank Features
ING Direct
Virtual Bank
Minimum Balance
$0
$100
Minimum to open
$1 *
$100
Interest Rate
3.4%
3.0% – 4.0%
Monthly Fees
No
No
FDIC Insured
Yes
Yes
*$250 to get the $25 referral bonus
Refer a Friend program
ING Direct’s refer a friend program pays $10 to the referrer and $25 to the person opening the account (if the new account is opened with at least $250).
Virtual Bank pays $20 to both the referrer and the new account holder (if the account is opened with at [...]
Original post by bob