ING Direct Savings "subaccounts"?

[cransplash]

DH and I use ING as our primary savings account- E-Fund, Travel budget, Gifts budget, etc. We have one lump sum that goes from checking to savings automatically. I also track in Excel, so even though there is one lump sum going to Savings, I "divy" the lump sum into categories. I'd love to be able to manage this in ING vs. doing it manually in Excel.

How does ING "subaccounts" work? Do I need to open up individual savings accounts for each "category"? How many subaccounts can I have?

[whitepicketfence]

Yep, just open a new savings account for each purpose and name it accordingly. I'm not certain if there's a limit to how many you can have (we have 5).

[cransplash]

Thanks! I actually did some more searching and I think we can have up to 25 subaccounts