I've been notified by ING Direct of an Independence Day themed promotion that will start on July 1, 2010 and is scheduled to last through July 2nd. They already have a special page set up at www.ingdirect.com/independence. However, they don't yet list any details. The ING Direct rep did provide a few more details about the promotions that they will offer. Here is what I received:
- Investing for Financial Freedom – Investors who open a new ShareBuilder account will receive a $76 bonus after making one transaction. Brokerage account holders can select from over 7,000 stocks, mutual funds and Exchange-Traded Funds.
- Pursuing the Happiness of Homeownership – Prospective homeowners who apply for an Easy Orange or Orange Mortgage on July 1 or 2, 2010 will receive $776 off closing costs – nearly 40 percent savings from ING DIRECT’s already low average total closing costs.
- Liberation from Checking Fees – The Electric Orange Checking account promotion will be announced here www.ingdirect.com/independence on July 1. Remember there are no overdraft fees. No monthly fees. No minimums.
- Spreading the Wealth of Savings – The Refer-a-friend promotion will be announced here www.ingdirect.com/independence on July 1.
This is similar to last year's ING Direct Black Friday promotion. One thing that's missing from this new promotion is a CD special. Last year they offered a special 2% 12-month CD. It would be nice if they could offer at least a 1.76% 12-month CD (keeping with the 1776 theme). Perhaps this is even too high for them. The current standard ING Direct 12-month CD rate is only 1.00% APY, and the 5-year rate is only 1.25% APY.
I was not able to get any more details about the Electric Orange promotion. In last year's Black Friday promo, ING Direct offered a $121 bonus for opening the Electric Orange Checking and using the debit card to make 3 signature-based purchases. Hopefully, this bonus will be at least $76.