ING Direct Raises Rate to 3.75%

Good news for me. ING Direct which is where I have a majority of my money right now has just raised their savings rate from 3.5% to 3.75%. While this won't necessarily increase my net worth a whole lot, every little bit helps. Besides it beats the measily 0.5% or less that almost every other bank offers for their savings.

For those of you who don't know a whole lot about ING Direct, they are an FDIC insured bank just like any of the banks you probably have in your town (Chase, Wells Fargo, etc) the only difference is that while those other banks spend millions or billions of dollars building big fancy buildings with plush leather chairs, that cost all kinds of money (employees, taxes, electricity) to run and maintain, ING operates their branch soley on the internet. In return for the cost savings by not having to maintain all of these local branches they are able to offer savings rates that blow away rates offered by brick and mortar banks.

The best part is that you don't have to keep a large balance to get these rates. There are no minimum balance requirements (open an account with only $1) and no other maintenance fees. Also if you are referred by a current ING customer and your initial deposit is $250 or more they will give you a $25 bonus for signing up and give the person who referred you an additional $10.

So for $250 you will recieve a 3.75% savings rate and also a 10% bonus (assuming $250 deposit). Pretty hard to find that kind of return on your money for esssentially no risk.

You also don't have to change banks or anything like that. ING Direct just hooks directly up to your current checking account. From there you can transfer money back and forth between your normal Bank checking account and your ING Savings account.

So if you are interested in ING Direct and want to participate in the bonus program click on one of the links below. Not only will you improve your savings rate, but you will also directly increase my net worth by $10

Note: If the link you clicked on does not work, try another one (Each link can only be used by one customer for a sign up). I'll try to remove referal links that have already been used by someone else.

Here's how to check the links and use them:
1) click on one of the links above
2) click "Open Now"
3) look at the blue text above the application form - it will tell you if the link has been used yet.

$25 Bonus Link

$25 Bonus Link

$25 Bonus Link

$25 Bonus Link

Thanks

Jack