Ask Money

Online Banking

Chris Farrell Mar 18, 2008

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.

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