Financial Services Industry
Industry: Email Alert RSS FeedING Direct: Online Banking With A Twist.(Brief Article)
National Underwriter Life & Health-Financial Services Edition, November, 2000 by MYRES, BRIAN
Over the years, a lot of things about banking have got more complicated.
Every year, it seems, banks offer different types of savings and checking accounts, loans, and other investment options--and often the products are also "tiered," so the bigger investor gets a better deal than the smaller one.
These days, INC Bank, fsb, a subsidiary of INC Group in the Netherlands, is trying to simplify banking to make a basic savings account an attractive option to clients of financial planners and brokers.
INC Bank's basic savings account now pays 6.25 percent APY interest, with no minimum deposit and no fees or service charges, making it appealing to many consumers. ING Direct, ING Bank's direct-to-consumer division, offers a similar account, which...
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