ING Direct (Company Overview) - Canadian Mortgage Lenders
ING Direct is an online and phone-banking service based in Toronto, Canada, and has been in operation since 1999. It promotes the fact that since it is an all-digital, branchless company, it can offer higher interest rates on deposits, and lower interest rates on loans. ING Direct offers saving and investment services, checking accounts, and mortgages.
Saving and Investments
ING Direct offers six different types of business and individual savings accounts, with interest rates ranging from 0.75% to 2.0%. Other investment and savings accounts are:
• RSP accounts, with interest rates ranging from 1.50% to 3.50%
• Tax-Free Savings accounts, with interest rates ranging from 1.75% to 3.50%
• Mutual Funds
• Business Accounts, with interest rates ranging from 0.75% up to 3.50%
ING Direct also offers a variety of GICs, including:
• Basic GICs, interest rates up to 3.50%
• RSPs GICs, interest rates up to 3.50%
• Tax-Free GICs, interest rates up to 3.50%
• Business GICs, interest rates up to 3.50%
• U.S. Dollar Business GICs, interest rates up to 2.00%
• Short Term GICs, interest rates up to 1.75%
• RSP Short Term GICs, interest rates up to 1.60%
• Tax-Free Short Term GICs, interest rates up to 1.75%
• Business Short Term GICs, interest rates up to 1.70%
• U.S. Dollar Business Short Term GICs, interest rates up to 1.00%
Checking Accounts
ING Direct uses THRiVE Chequing, which is an online chequing account that has no fees associated to it. THRiVE Chequing accounts gain interest, and have free $250 overdraft protection. Customers receive free email alerts about when money enters or leaves their accounts, and cash can be accessed free through THE EXCHANGE ® Network.
Mortgages
Mortgage rates range from 3.19% to 4.99% for fixed rate mortgages and start at 2.25% for 5-year variable mortgages. Fixed rates are guaranteed for 120 days. Customers can make single payments of up to 25% of their original mortgage amount at any time, and can increase their monthly payments by up to 25%.
The above company profile is provided for reference purposes only, so that our visitors can see how many more lenders a mortgage broker can access on behalf of their clients. BCMortgageHelp.com is not affiliated with the above-mentioned company in any way, nor does this company sponsor or endorse our service(s), and neither does this company express any opinion as to the correctness of the information or statements made on BCMortgageHelp.com.
Furthermore, BCMortgageHelp.com makes no warranty or guarantee regarding the accuracy of the above company profile/information, which was compiled from our own research, but may in fact be one or more of the following: Inaccurate, out-of-date, or otherwise erroneous because it is simply based on other sources available on the internet. Please contact this company directly to procure accurate or official information.