ING Direct?

My girl Sarah has one of these and she talks so much good about these people. But then, she's not really adept to financial institutions, so.

She claims that the reason these folks can pay out good interest on saved money is due to the fact that they're exclusively online banking. Is this true?

Is this like a 402k thing where you can't touch it, or else you pay taxes or some shit? Or like bonds? I've got a shitload in my 401k, and I figure it wouldn't hurt to have something ELSE to stash money for the longterm future in.

I WAS thinking about Roth IRAs (I think thats they're called), since they seem to offer high yield after so much time.

Can some explain to me (in real people language) how ING works? Prefereably someone who knows what the hell they're talking about and has an account with them?

For some reason, I expect Mikey to know a lot about these people. UNSURE as to why I expect that.

Jam it back in, in the dark.