I have a personal ING account and can state that one of the drawbacks is that the money is not readily available. It usually takes 2-3 days to have the money transferred. Other than that, I'd be all for having a higher interest bearing account.

Has anyone tried linking their PTO account to an ING account or other such online account? Our group seems to spend most of it's money early in the school year, then refills the account over the year. It seems silly for the money raised early on to just be earning 1.25% for six months when it could be earning 4.5%. That could almost equal a fundraiser! Has anyone tried this or know or any drawbacks? Thanks.