We have an ING account but transferred all our money to an Etrade complete savings a couple years ago. Works exactly the same but their interest has been consistently higher. Not a huge amount higher, but still higher.

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Jenny, wife to Brad, mommy to two crazy little kids with one on the way!

I opened an account for all 4 of my kids with me as a co-owner. The interest is reported under the kids' SSN. I am able to access each of my children's accounts under my main account.

As mentioned above, your child is required to file an income tax return is his investment income is over a certain amount (I can't remember if it's $850).

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SAHM of 4

August food budget (groceries/take-out): $500.00/$75.00
Total spent: $238.97/$14.12

July budget/spent: $500.00/$650.00

I opened up an ING account last year. I love it! I don't use the automatic transfer. I just go in each payperiod and transfer money. I have opened several accounts for different things. Even though their interest rate has dropped, so has everyone else's. It is still yielding 3% last time I checked and that is 2.5 higher than my local bank!

Thanks for the information. I've seen these accounts mentioned but didn't know much about them. I have also read about emigrantdirect. Is that another type of savings account? I have a post it note to look at it with ING and I'm not sure what it is. Anyone know?