Department of Money!

ING Direct: Still Paying Bank Fees? You masochist you.

About 5 months back my wife and I were encouraged to open an account with ING Direct.  We did and we love it.  I’ve since closed down my old traditional bank account to move to dealing with ING Direct nearly exclusively.  The good part about ING Direct is their higher-than-normal interest rates and prompt service.  They’ve been nothing but kind to us.  And you might be a little skeptical of a purely only banking company, but it’s very secure (I’m not kidding at all) and, of course, FDIC insured.  So you really don’t have to worry.

Additionally, they’ve been kind enough to start a referral program that benefits both the referrer and referee - the referrer gets $10 for the referral and the referred get’s $25.  The only thing the referred has to do is open their account with $250.  In essence, you get a 10% return on your money on day one.  As you’ll notice, there aren’t many places you can get an immediate 10% return.  If you would like to sign up for an online checking (Electric Orange) or savings (Orange Savings) account with ING Direct, send me an email and I’ll send you a special referral email that you can use to get the deal.

One last note about this, the Orange Savings Account gives you a 2.75% interest rate on your money currently, which is a really good deal.  The Electric Orange Checking Account grabs a .5% interest rate for a balance under $50k, which is better than no interest that most checking accounts offer.  If you would like either of these, again, let me know and you’ll get a $25 bonus credited to your account when you sign up with an opening deposit of $250.