An ING Direct online savings account is an interest-earning, fee-free account with no minimum balance. In 2012, ING Direct was bought by Capital One, and in 2013, the company was rebranded as Capital One 360. The company does not have branch locations and operates online.
As of 2015, the Capital One 360 savings accounts earn 0.75 percent annual percentage yield. The interest rate is variable. Capital One 360 allows customers to open and name multiple savings accounts to manage their savings goals. In addition, each customer is insured by the FDIC for up to $250,000.
Although it doesn't have banking branch locations, Capital One 360 has several cafes in the United States where customers can order coffee, use the free Wi-Fi Internet and speak with Capital One 360 associates.