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New Interest Rates at ING Direct, $25 Bonuses Still Available and Going Relatively Quickly

This article was written by in Banking. 8 comments.


As of earlier today, ING Direct, one of my choices among the best high-yield online savings accounts, has lowered the interest rates offered on its savings and checking accounts. The bank has lowered the yield on its savings account from 2.5% to 2.4% APY, while the rates on the two upper tiers of the checking account have decreased from 2.6% to 2.5% and from 2.8% to 2.7%.

While ING Direct doesn’t top the high-yield interest list, readers still consider this bank one of their favorites thanks to usually excellent customer service. Consumerism Commentary readers are continuing to provide referral links, which allow new customers to earn an immediate 10% return: if you do not currently have an ING Direct account and you have $250 to deposit initially, claim your $25 bonus by opening your ING Direct account using one of the links listed here, and I’ve refreshed the list today. When you use one of these links properly, the Consumerism Commentary reader who supplied the referral will also earn $10. Once you’ve opened your account with a bonus, you’ll receive fifty referral links of your own, twenty-five for the savings account and twenty-five for the checking account, allowing you to earn an additional $500.

One more administrative update. Thank you to every Consumerism Commentary reader who has taken the short time to complete this survey. Doing so, if you’ve left an email address, will automatically enter you in a drawing to win a $50 Amazon.com gift card. Please, no multiple entries. I’ll find out and disqualify you from the drawing. More importantly, it would skew the data. The survey will close tomorrow, Wednesday, January 21.

Updated June 16, 2011 and originally published January 20, 2009. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 5 comments… read them below or add one }

avatar David

Either I am looking at a different ING website, or I am missing something here. ING lists their savings account at a variable 2.4% APY. http://home.ingdirect.com/products/products.asp?s=OrangeSavingsAccount

Prior to the change it was 2.5% APY.

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avatar Luke Landes ♦127,505 (Platinum)

David: That’s correct, the new rate is 2.4% APY.

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avatar Eric

Phew…in my reader I read 3.4% and I got excited for a second. :D
But this is a tad saddening…now my brick-n-mortar Citi savings account actually has a better rate. Who would have thought…

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avatar soeren

please contact me if you need more then 3 %.. i have a product with ing that guarantees 6,6 effective…however the money is in it for ten years and only 10 percent can be taken out every year…
schlempe@hotmail.com

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avatar soeren

please contact me if you need more then 3 %.. i have a product with ing that guarantees 6,6 effective…however the money is in it for ten years and only 10 percent can be taken out every year…
schlempe@hotmail.com

Reply to this comment

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