Capital One Buying ING Direct

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by Elle Martinez · 4 comments

Capital One’s Purchase of ING Direct

Like many personal finance bloggers out there, I heard about the news about Capital One and ING Direct and was concerned about how it would work. I followed updates on the news to see if I could get a clearer idea of what was going on.

What will this mean for current ING Direct customer like us? I really don’t know. The New York Times’ Bucks Blog recently asked questions to get an idea, but none of them were really clear. An example:

Q. Are you planning any new fees or minimum balance requirements?

ING Direct has built a large and valuable franchise of engaged customers by focusing on a few simple proconsumer products.  We deeply understand the value of the loyalty and advocacy ING Direct has been able to build with its customers.  Everything we do as we integrate our businesses will be thoughtful and surefooted with a focus on sustaining and building that customer loyalty. We will focus on the customers, channels, products, and pricing strategies that build the best long-term customer relationships and deliver the best cost of funds.

Please read the rest of the interview to get a vague idea of what Capital One is planning.

I’m hoping for the best and will try them out, but if we’re not satisfied we’ll look at other options for our savings.

Personal Finance Carnivals

There were some wonderful carnivals and if you haven’t seen them yet, please check them out:

Personal Finance Posts to Catch Up On

If you have some free time this weekend and want some tips and information for your finances, be sure to read some of these wonderful posts. There are some handy tips this week to help you out.

I hope you enjoy reading them as much as I did. I also recommend checking out my blogroll to pick up some great personal finance blogs to follow. Please also let me know what are some of your favorite blogs that you enjoy reading on a regular basis.

Have a wonderful weekend with your family!

Photo Credit: ~Twon~

 

About Elle Martinez
Elle Martinez helps families at Couple Money achieve financial freedom by sharing tips for reducing debt, increase income, and building net worth. Learn how to live on one income and have fun with the second..

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  • http://spruceupyourfinances.com/ Spruce Up Your Finances

    thanks for the mention!

  • http://passiveincomenow.net/ MD

    Thanks for including me :)

  • http://www.freemoneywisdom.com Jon

    Great roundups! Looking forward to checking them out.

  • T

    You’re more patient than I am. I have already closed my ING Direct account, as I have zero confidence in Capital One (or any of the other giant national banks, for that matter) to have my interests in mind. I’ll stick with my local credit union, thanks. :)

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