$9.42
-0.14 (-1.46%)
ING Groep N.V. (ADR) (ING)
CAPS Rating:
ING provides a range of insurance, banking and asset management services. It serves more than 60 million customers in Europe, the United States, Canada, Latin America, Asia and Australia.
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Right now ING may not be doing well, but so is every other comapny.. They will rise to one of the top banks in the world after the economy gets better.. Their APY for savings is so much higher than any other bank I know of.
If there's one thing that this economic fiasco has taught us, it's not the number of savings accounts that determines the company's value - its the quality of their loans. That said, they've been much more conservative than other banks. I know, I got a mortgage through them, and they were very thorough and conservative.
It's been up and down the past few weeks and I hope it starts showing improvement.
It's not all in the rates. When I was looking to start an account, HSBC had a slightly better rate. I had trouble finding anything but bad reviews and customer complaints surrounding HSBC, though. ING was the next best rate-wise, but had stellar customer approval ratings.
In a world where we hate our creditors, are annoyed by the technical backwardness of our banks, and have trouble finding a financial institution that isn't filled to the brim with criminals, I like and trust my bank. That is worth more to me than a few hundredths of a percentage point of extra interest.