Various ways of using an ISA account include:

• The main purpose of an ISA is saving and accumulation. It helps to gain a certain amount of money for a specific goal without locking it in for a fixed term. Some of us need to save money for a downpayment for a house, or for a new car, or for something else we are planning to buy in a few months. However, we all know how big the temptation is to spend that saving if the money is right there, at hand. Make ING Bank responsible for your saving. Let it transfer automatically sums of money from your checking account to your ISA. It will be safe and secure there and in addition it will be working for you.
• You can ask the transfers be made to your ISA periodically - weekly, monthly, according to your specific schedule. You can deposit your salary directly to an ISA. You can also move any amount from your ISA back to your checking account. Choose the schedule that is the most convenient for you, and transfer the amounts corresponding to any of your monthly payments (for a car lease, for loans, or for insurance) from your ISA back into your checking account. Do it a couple of days before the usual withdrawal date of the payments from your checking account.
• You may have received some benefits or money from some property you have sold. You may still have the rest of your immigration funds and not yet made a decision about how to use it in a better way. Make that money work for you too. You will earn some interest on it if you keep it in an ISA, even for one week.
• If you are a frequent traveler, open a US Dollar ISA. The terms and conditions are the same. The rate of interest for a US Dollar ISA today is 1.60%.
• Are you self-employed or do you run a business in which you pay GST, PST, etc. by installment? You can make more profit by keeping the money in an ISA or a Business ISA. You can link your Business ISA with your regular Business account. A Business ISA can be in Canadian as well as in US Dollars.
• You will get a plastic card and you will be able to make withdrawals through any bank machine (including ING bank machines) in Canada, in the USA, in Europe.
• You will even have the possibility to withdraw US Dollar cash from ING bank machines. Why waste your time standing in line in your branch waiting for a teller?
• There is also GIC in ING Bank - Guaranteed Investment Confirmation - fixed term account with a higher rate of interest.
• You don’t have to give up your regular bank. You can link your ISA with up to 3 other regular accounts. You know - usually you can not move funds among checking accounts at different banks, but with an ISA you will be able to.
• Are you planning to buy your first house and want to save some money for the downpayment? Then open an RRSP in ING Bank. Use HBP (Home Buyer’s Plan). You have all the advantages: easy access, high interest, no risk.
• And besides all of that you can keep Emergency Funds in your ISA. In the financial plan for your family, don’t forget to put aside some money for “a rainy day”. An ISA is ideally suited for that.

I Home I What is an ISA for? I More information about ING BANK I What is the difference between ING and a regular bank? I Various ways of using an ISA in ING Bank I ING BANK services I Account Terms I Frequently asked questions I How to apply for an ISA Account? I