Dedicated to Deposits: Deals, Data, and Discussion

ING Direct Raises Refer-a-Friend Promo as It Cuts Rates



As I mentioned yesterday in a Notice, ING Direct did an across-the-board rate cut. The Orange Savings Account rate is now 1.15% APY (getting close to a puny 1%). On the plus side, they just raised the amount on their refer-a-friend promo. If you refer a new customer, ING Direct will pay you $20 instead of $10 through 3/31/2010. The full details are described at ING Direct's website. Unfortunately, the low rates makes it more difficult to refer friends and family. But if you don't have much savings, the value of the promos is higher than the value of the interest rates.

There's a new $50 Electric Orange promotion that's the same as what I described in my January ING Direct review. The new offer code is EM428. Credit for this find goes to Bargaineering.

ING Direct also has a $100 business savings account bonus. This was mentioned in this FW thread. Offer is scheduled to end on 2/28/10.

  Tags: ING DIRECT, savings account

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