Monday, March 12, 2007

ING Direct Referral Bonuses

Referral Bonuses a great way to make some money. ING Direct is a perfect example of this.

ING offers a referral bonus that benefits both the referer and the referee for their Orange Savings account that is currently yielding 4.5% APY on deposits. If your referral deposits $250 into their account after they opene it, they will receive $25 and you will receive $10. You can refer 25 people, so there is a potential to receive $250. ING, however, will mark this as interest income, so you must pay taxes on this bonus. But hey, it is still free money, and don't forget you have a pretty high yield savings account as well.

What you need to do:
  • You must open an ING Orange Savings account. (Let me refer you and you get $25)
  • Generate the referral email via ING's website.
  • Get your friends to sign up!
  • Collect your cash

Obligation: None
Money to get started: $1 ($250 deposit if I refer you to get the $25 sign up bonus)

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