NG DIRECT, FDIC insured bank offering one of the highest savings rates with no fees and no minimums. ING Direct also provides competitive Certificate of Deposits with no minimum deposit, 5/1 ARM Mortgages, Home Equity Loans and Mutual Funds.
Question : Do you have to have an account in the UK to open a savings account with ING Direct?
I am looking for a savings account to put a few thousand dollars into. I was looking into ING Direct because it has higher interest rates, but don't know how this works if my checking account that will be connected to it is in the U.S. How will taxes work if the account isn't in the U.S.? Any help or suggestions?
- asked by pat4620
All Answers: Answer #1So open with ING Direct in the US. They are available in several different countries.
- answered by shoredude2
Answer #2
No.
- answered by Frank Castle
Answer #3
ING is a foreign based company, but it like manyother major money center banks have US operations,US Chartered Bank subsidiaries and are paying forFDIC insurance on those subsidiary banks. From theINGdirect web site:"Safe and Secure - FDICInsuredYour deposits at ING DIRECT are FDICinsured up to $100,000 per depositor. Keep in mindthat individual and joint accounts are insuredseparately, so if you have both types of accountswith us, your total deposits can be insured up to$200,000; that's up to $100,000 in all of yourindividual accounts, and up to an additional$100,000 in all of your joint accounts. INGDIRECT's FDIC certificate number is 35489. You canlearn more about the FDIC at their website,www.fdic.gov. We are registered with the FDICunder the name ING Bank, fsb." I have a INGDirect & and HSBC Direct linked to my locallybased US bank. They will file the standard taxforms with the IRS just like any other US Bank onthe interest you earn.
- answered by tiescore
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