ING Bank brings out a new savings system

ING Bank introduces a new saving system set to shake up the other banks. Following suit with investment apps such as Acorns, ING has the same approach but without the financial risk. The new round up saving system allows you to set and forget.

How does it work?

Rather than making a commitment to how much you want to save and how often. ING allows you to set your everyday transactions to automatically round up to the closest $1 or $5, and puts the remainder into a nominated savings account. For example, if you amount is set to round to the closest $5 spend, and your grocery bill costs $112.40, $2.60 would go into your set savings account. You don’t even have to think about it, it’s saving for you.

Find out more about ING Direct accounts today.