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Originally Posted by The_Tick
How do you get access to the money? Do they give you an ATM card?
I have some cash that I wouldn't mind moving around...
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The ING account is linked electronically to your checking account at your credit union or bank. When opening and ING account, you have to have your checkbook so you can supply your routing number. You tell ING how much you want to open your account with, and ING will with draw that money from your checking account and put in ING. In your regular bank, it looks like a check payment/regular deduction out of your checking account. Withdrawing money from ING is the opposite. ING uses the same method to put the money back into your checking account.
Be advised that moving money back and forth is not instantaneous. It takes 2 business days for money to get into your account, and then 2 business days for you to take money out of your account. So it isnt quite as liquid as a regular savings account. But, the 4.15% is great, and I am only putting money in there that I can afford to do without, so the latency has not been a problem for me.
Oh yeah, no ATM cards.