Don’t Feed the Alligators

A Personal Finance Blog from a Small-Scale Landlord’s Perspective

A reader recently asked me for more information about opening an ING Direct account.  I have mentioned ING in the past, and recommend this bank for anyone who:

  • Is looking to establish a savings account
  • Wants to earn a better interest rate on existing savings
  • Likes free money
  • Wants to allocate separate pools of money to separate savings goals

What’s so great about ING?  Well, there’s nothing particularly spectacular about any one aspect of ING, but it has a lot of really great things going for it, including:

  • A rate of return far higher than the national average for savings accounts, currently 3% — although it’s not typically as high as some other online banks
  • No fees
  • The ability to create “sub-accounts”, which is useful for categorizing savings goals
  • Anecdotally popular customer service*
  • Ease of use; link your current checking account to your ING account to move money back and forth as necessary
  • FDIC Insured
  • Signup bonuses

So, if you have any of the desires listed at the top of the article, and enjoy any of the features listed above, then an ING account may be for you.  If you would like to sign up, then you may want to act quickly.  By using one of the referral links below, you will get a $25 bonus if you make an initial deposit of at least $250.  That’s an instant 10% return on your money.  At the same time, I will get a $10 bonus as well for the referral.

These links work just once, so if you use one, let me know so I can remove it.  If a link doesn’t work, let me know and I will remove it.  If there are no more links, let me know and I will add more.  Contact me if you have questions or concerns.  Happy saving!

ING Referral Link 1

ING Referral Link 2

ING Referral Link 3

ING Referral Link 4

ING Referral Link 5

* The personal finance blogosphere seems to agree on this point.

2 Responses to “Opening an ING Direct Savings Account”

  1. Michelle Says:

    You said act fast… how fast? I’d like to do this on our next payday…

  2. MITBeta Says:

    I think the links should be good for at least a month. Keep in mind that you can get the account set up anytime and then fund it when you are able. I’m sure there’s some timeout on this, but unless you’re next payday is greater than a month away you should be fine.