Entrepreneurship & Small Business

Anyone Here Have An ING Direct Business Account ? Looking For Feedback.

  • Last Updated:
  • Feb 27th, 2012 2:18 am
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[OP]
Member
Oct 26, 2005
301 posts
36 upvotes
Toronto

Anyone Here Have An ING Direct Business Account ? Looking For Feedback.

Been reading that ING Business accounts have really lost it's competitive edge when comparing to the other banks. I think the most recent is what ING offers in terms of interest rates whcih currently stands at 1%.
aknny
3 replies
Sr. Member
Oct 14, 2004
988 posts
148 upvotes
Toronto
Wow, it was 1.25% back in December. I might have to look at moving to Manulife Financial.
Deal Addict
User avatar
Nov 23, 2006
1024 posts
95 upvotes
Calgary
Yes only 1%. is just a simple business savings account. I use it to put my extra cash in this account instead of my chequing account.
Alberta Auto, Home, Business and Travel Insurance Broker
Deal Addict
Oct 7, 2007
2403 posts
382 upvotes
Yes, the 1% rate that ING offers for its business account is really not that attractive. I believe many of their business GICs are also also at the same 1% rate. You could probably get a higher rate at a high interest savings account at a credit union or maybe even one of the big banks.
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