Tuesday, February 06, 2007

Now up to 6 ING accounts...

I am a huge fan of ING Direct and have been for a long time - I joined in June 2001, the summer before I left for college, and my first account was named the "oh shit fund". (It is still called that.)

Well, I am now up to six accounts with them, having opened an Electric Orange account a week or so ago, and yesterday opened yet another savings account in order to hold my credit card payoff money. I have about $5700 on a 0% balance transfer and decided to just save it up and hang onto the money until it expires next December to earn a little more interest. Once it's paid off, I may start doing some 0% balance transfer arbitrage stuff to earn more, but we will see. But to keep that money separate, I opened another account. You can open as many savings accounts as you want under one customer number, and give them all different names, and they will have different account numbers so you can direct deposit into specific accounts. So right now I have my "oh shit fund", a house fund, a credit card holding account, an Electric Orange checking account, and two accounts for CashDuck which hold tax money and business savings. This should be enough accounts for me in a while.. I just do so love to have every dollar in its place!

5 comments:

English Major said...

I have three: the Mini-E fund; one called "Presence," for, well, presents; and one travel fund. The multiple-account thing is my favorite ING feature. I, too, like to see things in their places at a glance.

Marshall Middle is making a million dollars said...

I think I should start an "oh sh*t fund"

Anonymous said...

I love the multiple accounts too! I have "stuff" (for stuff), the "retirement fund" (saving money to open a vanguard account), "fun in the sun" (my spring break 2008 fund), and a few others.

It's just so organized I can't resist.

WH said...

I've still got 3 ING's left, but I've semi-defected (WaMu, HSBCdirect). Catchy name...mine's called the F.U. Fund. =P

Anonymous said...

Just wish I could have multiple checking accounts with ING. I would like to have a "utility" accrual so I can deposit a fixed amount each month even though my bills fluctuate.