It's a good saving account from the persepective of usability. Easy to open, easy to manage, and free at least in Italy.
Anyway be aware that in 2008 you would not probably have been so happy to know that your saving were in bank that was close to go banckrupcy. On October/19/2008 the Ducth government had to inject 10 billions euro into ING Group to save it from a probable collapse.
At least the CEO Michel Tilmant was fired, and also 7000 poor employees was cutted off.
After that, it seems they just went on selling themslevs in pieces in order to restructure
- 2009: ING closed retail banking in Ukraine
- 2009: In order to save €1.4 billion, ING announced that they would be cutting about 7,000 employees from their payroll. The CEO, Michel Tilmant, also resigned.
- 2009: ING Group sold all of its ownership stake in ING Canada (Property & Casualty Insurer operating in Canada which was renamed to Intact Insurance Company of Canada).
- 2009: ING Group’s Restructuring Plan announced, stating that ING needs to divest ING Direct USA by the end of 2013.
- 2009: ING announces that it will move towards a separation of its banking and insurance operations.
- 2009: ING secures €7.5bn rights issue and repays €5bn to the Dutch State. 2009: ING Australia and ING New Zealand (superannuation, investment and insurance business) are sold to the Australian ANZ Bank.
source: http://en.wikipedia.org/wiki/ING_Group#History
But they also partially repaid the Dutch goverment and now their rating is around Atheir rating is around A, so it seems to be a safe place to put your saving for now.