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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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Comment #1 by Anonymous posted on
wow, that would make me RUN to open an acct with them haha

Comment #2 by Anonymous posted on
Instead of offering refer-a-friend bonuses, ING should offer higher interest rates.  Let me guess, that would be too simple.

Comment #5 by Anonymous posted on
ING's referral program is still active. New customers who open an account of $250 or more can earn a $25 bonus by signing up through a referral link.

If you need a link, simply fill out the info below, and send it to dreamnight07 (at) I'll respond ASAP with your referral.

First Name:
Last Name:
Account Type:

The four account types are Savings, Electric Orange (Checking), Kids Savings, or MONEY (Money Market).

Remember, you must be a new ING customer to receive the bonus, and you must deposit at least $250 into the account *at the time of opening*. Not afterwards, or the bonus won't be credited to your account.

If you have any questions, please send me an e-mail, and I'll be happy to answer. Thanks, and have a good day!

Comment #6 by Sarah (anonymous) posted on
If anyone is looking for an active Orange key (as of Sept. 10th, 2012) mine is:


The current promo is $25. Thanks to those who use it :)