Why Should I Get an Internet Bank Account?
Why should you get an Internet bank-account? The whole idea of a bank that exists primarily on the net is that many of the expenses and overhead incurred by traditional banks are unnecessary and when they were eliminated, the lender could pay higher interest levels on savings accounts. They might also offer high yield checking accounts, something which is almost impossible to find at a traditional bank.
The biggest Internet bank is ING Direct, a subsidiary of the huge Netherlands based financial conglomerate ING. ING Direct has been experiencing impressive growth since their spin faraway from ING in 2000. They now boast more than 15 million customers worldwide, including 6.5 million in the US. They're not alone. Other leaders in the area are HSBC Direct, WTDirect Emigrant Direct, and E*Trade Bank.
get more info offer advantages that traditional banks just cannot match, such as for example interest levels on savings accounts that are 3 - 8 times what traditional banks are paying. That's actually the principal reason people are attracted to Internet-only banks, and why you should consider one. Other advantages are unique financial services, such as ING Direct's 5 year mortgages, and checking accounts that truly pay a healthy interest rate. Even though many traditional banks advertise free checking accounts, the Internet banks take that one better, actually paying their depositors to help keep profit their checking accounts.
Other reasons to obtain an Internet bank account are the ability to easily pay bills and see all areas of your account from any computer with Internet access. When here were first offered they truly set the Internet banks apart from traditional banks, who offered little if any ability to do these exact things. Since that time, many traditional banks have added online banking and closed the gap of this type. Now website of an Internet bank account is the very high interest rates you can earn on your money, and really, do you want another reason to look at opening an Internet bank account? Remember, Internet banks will pay you interest on both savings and checking accounts, an advantage that leaves most traditional banks in the dust.