"Online only banks"

**beautifullyhaunted** · 08-08-2007, 06:05 PM

Cnn Money has a thing stating which "online only" banks are the best,

http://money.cnn.com/galleries/2007/...mag/index.html

Thought some of you might be interested

**Edna_E** · 08-08-2007, 07:46 PM

Thank you! I've been meaning to look up this kid of info.

**Lucky Star** · 08-09-2007, 12:23 PM

Thanks for the link! I would also add ING Direct to this list. They also have very competitive rates on savings, checking, and CD accounts, and I have found them very easy to use.

**Jaded** · 08-09-2007, 12:24 PM

That's great info! I'm leery of online banks, because you have to give them the information for your regular bank in order to deposit/transfer money to that account. I don't like one bank knowing what my other bank is, for some reason. I like to keep them separate.

**frugalfarmwife** · 08-09-2007, 12:35 PM

I also use ING, the rates are a tad lower but they've been great to work with, my accounts have been there for two years now.

As a comparison my local bank is paying .006% on savings, yes that's the correct amount of zeros! Ing pays .045% for regular savings and .05% and up on CD's. I don't use their checking because we have free checking and online billpay with our local bank that also holds our mortgage.

kj