ING Direct was the online consumer banking presence in the United States for ING Group, the Dutch banking and financial services company (NYSE: ING); ING is one of the largest financial services companies in the world, with 112,000 employees in 50 countries and assets exceeding $600 billion. ING Direct was formed in 2000 to offer personal banking products to consumers on the Internet. The platform grew quickly, as ING Direct acquired NetBank and Sharebuilder, an online bank and online stock platform respectively, picking up over 100,000 customers. In 2011, Capital One (NYSE: COF) bought ING Direct for $9 billion, rebranding it as Capital One 360.
Today, Capital One 360 continues to serve customers via the Internet. Capital One's products including checking accounts (360 Checking, Teen Checking), savings accounts (360 Savings, Kids Savings), certificates of deposit (CDs), and retirement accounts (IRAs). Consumers can also apply for mortgage loans for Capital One via the web portal. Options include fixed rate loans, adjustable rate mortgages (ARMs), and home equity loans. Capital One is one of America's largest mortgage lenders.
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