Marketplace®

Daily business news and economic stories

Online Banking

Question: As much as anything is "safe" these days, is it safe to open online savings/CD accounts with such companies as "ING Direct"? Sarah,…

Question: As much as anything is “safe” these days, is it safe to open online savings/CD accounts with such companies as “ING Direct”? Sarah, Lakeville, CT

Answer: Yes. For safety and soundness, the key is to make sure that any online bank is backed by the FDIC, and ING is insured by the FDIC.

Related Topics

Collections:

Tagged as:

Latest Episodes

View All Shows
  • Marketplace Morning Report
    4 hours ago
    6:38
  • Marketplace Tech
    9 hours ago
    4:27
  • Marketplace
    3 days ago
    25:48
  • Make Me Smart
    3 days ago
    24:33
  • This Is Uncomfortable
    7 days ago
    4:41
  • Million Bazillion
    a month ago
    32:45