$50 Bonus for ING Direct Orange Savings Account
Sep 26, 2007 - 8:20 AM by Ken Tumin
After you enter the reference code and select "open now", it'll take you to an instruction page. Click "open now" again and it'll take you to the application page. On top it should state:
Start saving with a great rate. To receive your $50 bonus, open and fund your Orange Savings Account with at least a $250 initial deposit.
For those who are already an ING customer or have recently closed an account, you probably won't qualify. If you haven't been an ING Direct customer, this is a good deal. The typical refer-a-friend bonus is only $25, and it also requires an initial $250 deposit. After the intial deposit, there's a 10 business day hold in which you won't be able to withdraw the initial deposit.
ING Direct has lagged on its savings account rates for several years now. Currently, the savings account yield is 4.30% APY. It was frustrating to see ING being one of the first to drop their rates last week after the Fed rate cut.
Although ING hasn't been a rate leader, it has some benefits such as a very simple online interface and no minimum balance requirements. Some downsides in their online banking system include the limit of 3 links to external accounts and the lack of a secure message system (you have to call to discuss account details).
ING Direct in the US was established in 2000, and it's one of the oldest internet-only banks. It's FDIC insured (Certificate # 35489).
Thanks to the reader who mentioned this promotion in the finding deals post.
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Tags: ING DIRECT, savings account
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Anonymous - #1, Wednesday, September 26, 2007 - 8:52 AM
Any referral ($25 or more) bonus, that this principal $50 bonus can be combined with?
Banking Guy (anonymous) - #2, Wednesday, September 26, 2007 - 9:10 AM
I don't think that is possible. The $25 referral bonuses usually have their own webpage.
Anonymous - #3, Wednesday, September 26, 2007 - 8:21 PM
Do they do a hard credit pull?
Anonymous - #4, Thursday, September 27, 2007 - 2:44 PM
The reference code for the $50 bonus is no longer working...
Steve Austin (anonymous) - #5, Thursday, September 27, 2007 - 3:40 PM
anonymous at 12:44 PM, are you sure about that? I just used the reference code yesterday PM, and tried it again today and it still seemed to take me to the screen that says "Start saving with a great rate. To receive your $50 bonus, open and fund your Orange Savings Account with at least a $250 initial deposit."
Banking Guy (anonymous) - #6, Thursday, September 27, 2007 - 6:58 PM
I just verified with ING today that they do not do a hard credit pull for opening the Orange Savings Account.
However, they do a hard pull for the Electric Orange checking account.
The bonus is also still working for me. You might want to try clearing out your browser cookies. That gave me a problem before I posted on this bonus.
Anonymous - #7, Thursday, September 27, 2007 - 8:52 PM
I have had a savings account at ING for some time even tho their rates have not been very conpetitive. They have a very friendly user site. However when they dropped their already low 4.50 down to 4.30 at the same time they are offering a $50.00 bonus to new customers I decided that was a little to much in your face for me. Seems to me they should take care of the customers they already have. Will take several new $250 accounts to replace what I am moving out. Guess a old bird in the cage is not worth a new bird in the bush.
Anonymous - #8, Friday, September 28, 2007 - 11:52 AM
hmmm... well i tried the code again today without messing with any cookie settings and it worked fine. maybe i just hit a strange time of the day yesterday when their server was doing something strange... thanks though.
Anonymous - #9, Tuesday, October 2, 2007 - 8:30 AM
When you open an account for at least $250 (only by using the referral) you will receive a $25 bonus from ING (and I receive $10). Let me know if you are interested. If you'd like a referral, please send your full name and email address to andy7984@aol.com.
Anonymous - #10, Saturday, October 27, 2007 - 3:12 AM
If anyone still needs a referral for their $25 bonus, I still have tons left. Email me your full name at hsp02004 (at) pomona.edu. Thanks!
Anonymous - #11, Monday, February 4, 2008 - 9:42 PM
ING offers a bonus of $25 to anyone who opens a new Orange Saving Account or Electric Orange checking account using someones referral link provided that they are first time customers with ING. In order to qualify, you must make an initial deposit of $250 and keep the account for at least 30 days. After that, you can cancel the account at anytime and keep the $25 bonus. Currently, the Savings account pays a 3.40% variable interest rate while the checking account pays annual yields of 2.25% up to 4.00% depending on the balance in your account. To get the $25 bonus for opening an account, however, you must register with one of the links listed below (You can get $10 as a thank you bonus for each person you refer as well). If the link gives you a warning message saying that it has expired, it means that someone else has already used the link. If that's the case, feel free to email me at jts5009@psu.edu and I can send you a fresh link to sign up for ING. I currently have 24 links remaining for the savings account and 25 for the checking account.
Links for ING Direct's Orange Saving Account
1. http://home.ingdirect.com/promo/promo_set.asp?t=%9f%4b%6f%70%76%6a%69%72%6d%6a%a2%69%6d%6a%76%6e%6f%72%69%70%69%69
2. http://home.ingdirect.com/promo/promo_set.asp?t=%a8%97%bb%bc%c2%b6%b5%be%b9%b6%b5%b9%b6%c2%ba%bb%be%b5%bb%ee%be%be
3.
http://home.ingdirect.com/promo/promo_set.asp?t=%a8%99%bd%be%c4%b8%b7%c0%bb%b8%b7%bb%b8%c4%bc%bd%bf%bd%b8%f0%bb%bd
Links for ING Direct's Electric Orange Checking Account
1. http://home.ingdirect.com/promo/promo_set.asp?t=%9c%6d%91%8e%98%8c%8b%c4%94%8f%8c%8b%8f%8c%98%90%91%93%93%91%93%91
2. http://home.ingdirect.com/promo/promo_set.asp?t=%aa%5f%83%80%8a%7e%7d%86%81%7e%7d%81%7e%8a%82%83%85%85%83%85%7d%b6
3. http://home.ingdirect.com/promo/promo_set.asp?t=%a6%84%a8%a5%af%a3%a2%ab%a6%a3%a2%a6%a3%af%a7%a8%aa%db%aa%a8%aa%a3
Again, to actually receive the $25 bonus, you must use one of the links to sign up, make an initial deposit of at least $250, and hold onto the account for at least 30 days. If have have any questions about the accounts, feel free to either email me at jts5009@psu.edu or research the accounts yourself at http://home.ingdirect.com
Thanks
Anonymous - #12, Saturday, March 15, 2008 - 3:49 PM
I've had my ING Direct account for a couple of years now and the experience has been great. They even offer a bonus for new customers. When you open an account for at least $250 (only by using the referral), you will receive a $25 bonus from ING. If you would like a referral, please send your full name and email address to andy7984@aol.com.
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