I N G accts

[NikiM20]

Can anyone tell me more about these?

 

[DisneyFanatik]

I am not sure if they are still offering this but if you are referred by an existing ING customer you will receive a $25 bonus just for opening your a/c. There is no minimum initial deposit (I opened mine with $1) and no minimum balance fees. ING accounts are currently earning 2 pct. I believe. For every person that you refer you get a $10 bonus (upon their account opening). You can refer your spouse, your kids - anyone with a SS #. If you need a referral to get started just pm me.

 

[Lorix2]

Also, the way it works is that you link your ING account to your checking account.

When you want to deposit into the ING acct, you deposit the money to your checking and transfer it to the ING on their website or do it by phone with customer service.

When you want to take money out, you transfer it back.

I've started the direct savings plan with ING (signed up on their website) where I have money taken out every week and automatically transferred from my checking to my ING account. The savings is really growing and I can check the balance anytime of day or night.

The referral program is ongoing. You can open an account without using one, but you will not get a bonus $25.00.

You have to claim all bonus & referral money as interest earned too at the end of the year. You're statement online and on paper shows you all interest earned to date.

It's a great way to save - go for it. 2% APY

 

[mad4themouse]

There's an ING Direct FAQ Thread near the top of the Rewards Board. There's all kinds of valuable information there about the accounts and how to set one up.

You can even PM one of the posters for a referral. Just don't ask for one by posting (it's kind of against TOS and could get any discussions about the program pulled).

 

[Selket]

I have opened up one for myself - to save for Disney of course! - and opened up others for my kids and my husband. We all got the bonus and can use the money for vacations. It is a good spot for a kids savings account. So far I've found it to be a good spot to stash money - easy to link to my checking account.

 

[LorieR]

As of 6/1/04, the APY is now 2.1%. (Not a big increase but an increase nonetheless!) Thought the 1.75% from my credit union was good!! Also checked out their CD rates and they are now even higher than my credit union, which has always been much higher than savings banks!

Just with the $25 referral sign-on bonus and signing on 6 friends, I also made $85 in "interest." A good deal in my book!




Lorie

 

[beattyfamily]

My family of 4 made $130 in opening our accounts! Then I made about $100 more with referring my other family members and friends. I also have $20 a month automatically put in.

My sister opened her account through Microsoft Money and the bonus there is $50!!

I've got no complaints and I thank the original poster on this subject several months ago here on the DIS!!

 

[macs4us]

If you're a Turbotax user, use the link and code provided on your Turbotax materials, you get a $50 sign up bonus. That is what my husband did for his account - bonus was posted the same day he opened it.

 

[etwinchester]

I just pm'd someone for a referral so I can open an account.

Where did you find the link from turbo tax? I have turbo tax so I might use that link.

Guess you can't do both huh? Also, if I use the TT link, can I still refer people to get the $10 bonuses?

Couple other questions...

Can I sign up, then make another account for my hubby with me as a joint person to get more $$$?

Does the interest get credited every month?

How can you close the account if you choose?

 

[beattyfamily]

Originally posted by etwinchester
I just pm'd someone for a referral so I can open an account.

Where did you find the link from turbo tax? I have turbo tax so I might use that link.

Guess you can't do both huh? Also, if I use the TT link, can I still refer people to get the $10 bonuses?

Couple other questions...

Can I sign up, then make another account for my hubby with me as a joint person to get more $$$?

Does the interest get credited every month?

How can you close the account if you choose?

Can't answer your question about Turbo Tax...

No, you cannot do both. Once you open an account, you can then refer anyone you want and if they open accounts, then you will get the $10.

I referred my DH. He opened a separate account but using the same checking (or you can use a different checking account but do not make your and his ING accounts joint. If you make them joint, no $25 bonus for him. They must be separate.

You can also open accounts for your kids as minors (they will be in a sense joint and there are directions on their website) and they WILL also get bonuses and you will get referrals...then you can transfer their money into your account once it appears. I did this and then closed their accounts. My DH transferred his $25 to his checking and spent it! He has since closed his account.

The $25 and $10 will appear right away BUT they make you wait 30 days before you can transfer it anywhere.

The 2% interest is once a month.

You have to call them with the PIN # and accounts to close. Very easy though.

 

[etwinchester]

Thanks. Guess I'll just open an account for myself and DD (with me as custodian).

DH doesn't know how to work a computer that well, and he's hardly ever home. Works in auto body so he's always working...

Just need to wait for the link (referral) to sign up. Can't wait...

 

[beattyfamily]

Originally posted by etwinchester
Thanks. Guess I'll just open an account for myself and DD (with me as custodian).

DH doesn't know how to work a computer that well, and he's hardly ever home. Works in auto body so he's always working...

Just need to wait for the link (referral) to sign up. Can't wait...

You can open your DH's account! You don't need him!!! You just need to know his SSN and just plug in all the same info; you can use your same checking account for all accounts you open and deposit $1 each!

 

[BethR]

Originally posted by beattyfamily
You can open your DH's account...You just need to know his SSN and just plug in all the same info; you can use your same checking account for all accounts you open and deposit $1 each!

You will also need his Drivers License information - the number and the date of expiration as well.

Good Luck!

This is a great program! I opened my account using the Turbo Tax link and have opened accounts for my DH and DD. I am using my account for vacation savings, DH's account for savings for budget kind of things like quarterly taxes and water bills, etc, and DD's is for any money that she gets for Birthdays and Christmas, etc.

 

[etwinchester]

....but what about closing his account? Wouldn't he need to call directly???

 

[beattyfamily]

Originally posted by BethR
You will also need his Drivers License information - the number and the date of expiration as well.

Good Luck!

This is a great program! I opened my account using the Turbo Tax link and have opened accounts for my DH and DD. I am using my account for vacation savings, DH's account for savings for budget kind of things like quarterly taxes and water bills, etc, and DD's is for any money that she gets for Birthdays and Christmas, etc.

You are right! I completely forgot about that. It's been awhile for me!

Thanks for correcting me!

 

[maleficent1959]

We've been with ING for a couple years and we're really pleased with them. Each DS has a savings account where I stash their Coverdell savings until I make their quarterly contributions, we have what I guess would be our longterm/emergency savings that we don't touch, and I just opened another strictly for fun savings, like vacations or toys my DH wants.

 

[PatriciaH]

We love ING too. I signed up with a referral from the DIS boards-free $25 The interest rate is great and it is easy to open an account. I try to put $10 in every week or so.

 

[Tracy M]

Could someone pm me so I can use them as a referral to open an account? I'm not sure who has referrals on this board. It would be greatly appreciated. Thanks in advance

 

[etwinchester]

I'm also looking for a referral link. I'd like to join ASAP.

Any help would be greatly appreciated...

 

[maryssasmom]

the only thing is do not ask on the board for a referral or the board will have to go
just pm any one of us and we can let you know if we have any referrals left. that is all you need to do. I hope this helps.