Originally Posted by coachflyer
Although Ing Bank does not pay the highest interest rate, bank transaction such as transfers and other business activities are quite easy and painless.
Bank Direct does not allow for direct access for my checking account. Every transaction is either with hard copies and is very slow and requires telephone calls to verify it. Interest rates are very low.
Emigrant Bank advertises high rates but is about many times slower than Bank Direct. I transferred funds there about 3 weeks ago and I am still unable to access my account. Does anyone have similar experiences with these banks any other internet banks?
I switched to Emigrantdirect.com (part of Emigrant bank, which has been around since the mid 1800's) a few months ago. The beginning process really sucks, but once you are in, the 4% interest is nice. It justifies the mileage I was earning at bank direct. I do still have a bank direct account for my bill pay and direct deposit, and when I have any left over funds, I move them over to Emigrant.