I hate to brag, but I’ve got just about 60% of my holiday shopping done. I really love the holidays, I love to bake and wrap presents and enjoy them, but when I’m fighting traffic and dealing with Mr & Mrs Crankypants at the mall, the enjoyment goes out the window.
How the heck did I get 60% of my holiday shopping done? Easy! I set up a holiday savings account with ING. I signed up online and have a certain amount deducted from my checking account every month and in October, I withdraw my holiday money and go to town. The malls are empty in October and I can get my shopping done lickety-split.
ING savings account. Not only is it flexible and allows me to set up automatic deductions, but there are a host of other benefits like:
- No minimum deposit
- No fees!
- Incredible 4.40% APY (Dude, my savings account at the credit union only gave me 1% and that is considered good!)
- 24 hour on-line account access
- FDIC Insured
ING account? It takes a few days to withdraw my money. While this might seem like a pain in the butt, it’s actually a benefit for me. If it takes me a few days to make a withdrawal, I’m less inclined to take my money out. So my money stays in my account and gains a healthy interest rate and when Christmas comes around, I don’t have to worry about shopping paycheck to paycheck, I get all my spending money in one chunk and get it all done early.
{ 5 comments… read them below or add one }
Exactly why I started an ING account! Less easy access = less money spent!
Wow! What a great idea! its too late to start one this year, but we’re definitely going to do it next year.
You should really get an Emigrant Direct savings acct. Their savings rate is 5.05%. There’s kind of a backdoor way to be able to transfer between the two (ING–>Emigrant) even tho they are both savings, I can tell you how if you want to get an emigrant acct.
https://www.emigrantdirect.com/EmigrantDirectWeb/index.jsp
This is a great idea! I’ve been wanting to do something like this for a very long time but didn’t have time to research it.
Yay! I have an ING account too and haven’t taken any money out because it takes a few days to do so – a great deterrent!