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ING Referral

Friday, July 22nd, 2005 · 1 Comment

Yesterday ING announced that its savings rate on the ING Orange Savings Account was going up to 3.15%. I’d put money on the fact that this is more than what your bank is paying you in interest for your savings or money market account, so if you don’t already have an ING account, why wait? Drop me a line and I’ll give you a referral so you get $25 free. There’s no fee to open an account and there are no minimum balance requirements. The rate was at 2.25% back in December when I last wrote about it, so rates are on the rise, trailing shortly behind the Fed’s increases.

As I’ve also written in the past, you can do cool things like set up “sub-accounts” for each of your savings goals, and set up direct deposit or automatic scheduled transfers to coincide with your paychecks.

If you set it up and just don’t think about it, you’ll see your savings grow faster than you realize, especially if you’re paid biweekly and set up the automatic transfer to be biweekly, too.

Tags: money

1 response so far ↓

  • 1 Karen & Bill // Jul 24, 2005 at 11:27 am

    That’s a great rate. We found the same rate at Capital One. :) We’re not sure if CO has the same benefits as ING, but we already had an account with CO through Bill’s deceased dad, so we’re just gonna transfer money over. But…..we’ll keep an eye open at ING for the future. Thanks for the tip!