insidemadmoney
11-13-2005, 02:38 AM
Check out news, commentary, and analysis (coming According to Jim Cramer, ING (ING) is the Google of banks. The stock is heading higher, he says, due to the high growth in its internet banking sector. Although not mentioned in the show, ING is the owner of the hugely popular ING Direct Orange Savings Account which boasts an interest rate of 3.50%. This presents a significant advantage over regular “brick and mortar†banks which offer a much lower >1% interest rate.
ING is able to offer such an attractive rate primarily because it doesn’t have the huge overhead costs that brick and mortar banks have in having and maintaining an actual location.soon!) at http://www.insidemadmoney.com - an inside look at Cramer's Mad Money.
http://insidemadmoney.com/2005/11/12/top-of-the-show-pick-ing-ing/
ING is able to offer such an attractive rate primarily because it doesn’t have the huge overhead costs that brick and mortar banks have in having and maintaining an actual location.soon!) at http://www.insidemadmoney.com - an inside look at Cramer's Mad Money.
http://insidemadmoney.com/2005/11/12/top-of-the-show-pick-ing-ing/