I love ING too! I recommend them to all my friends who still have savings accounts at their banks earning 0.25% interest (or some other ridiculously low amount). They’re safe, easy to use, and offer a competitive rate (but not always the highest).

I also use multiple accounts like Joshua. I also use them for “lumpy” expenses like heating oil. I only buy it in the winter, but I need to save for it year-round. So it has its own account.

ING is also FDIC insured, which not all other online accounts can claim, so you know that your money is protected.

And a rather neat function is the fact that you can easily open as many accounts with them as you want and name each individual account ( Vacation, Anniversary, etc. ). I like this feature because if you are a goal setter, you can create an account and know when you have hit your goal for that specific item.

One drawback: Their funding time can be a little slow. If you are used to seeing the funds show up in your account the next day, you may be a little disappointed.

Overall, though, high marks to ING. Who doesn’t love a bouncy orange ball?