• targeted

Increase Your ING Savings Maximiser Balance by $100 by The End of The Month and Get $50 @ ING

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Similar to past deals but now without an expiry date. Possibly targeted to zero balance accounts. Confirm your eligibility by looking for a banner above your account transaction history.

T&CS:

This offer is available for a limited time only and is not applicable in conjunction with any other promotional offer unless expressly indicated. The offer applies in respect of the original recipient of this email only.

If your Savings Maximiser at the end of the month is at least $100+ higher than the beginning of the month, ING will make a payment of $50 to your Savings Maximiser account by the end of the following month. Where you hold more than one Savings Maximiser account, there is a maximum of one $50 payment per person and the $50 payment will be made to the Savings Maximiser account with the highest balance. Where you hold a Savings Maximiser account jointly with another account holder, there is a maximum of one $50 payment per account.

The cashback offer may have tax implications. You should seek independent tax advice.

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Comments

  • +4

    "The offer applies in respect of the original recipient of this email only. "

    So Targeted.

  • +1

    I had ING send me this last week was a nice little suprise. I put no money into this account either.

    "You may have noticed a $100 deposit from us in your Savings Maximiser account recently1 (and if you didn't, surprise!) We hope this goes a small way to helping you do your savings thing, and remember, you could be taking advantage of that 5.50% rate. Imagine scoring $700 a year in bonus interest."

    • that's pretty cool - did you receive this offer earlier and ignore it?

      I received this offer on Nov 8 for my Savings Maximiser that had $0 and had been inactive since Nov 2023 but I transferred $100 to the account that day. If I ignored it would I possibly have received a free $100 like you? If you did receive this email earlier, I might just ignore future ING offers initially to see if I get anything better.

      • +2

        only emails prior were for getting friends or family to join for the $100 of which i didnt do anything.

  • Of topic but I have a ING savings account which grew to over $100k in it. I leave it at $100k from 1st of each month until last day of the month when I add money from another account to meet the growth criteria.

    Yesterday I forgot and still got bonus interest. I was shocked but happy of course. I won’t risk trying that again and will open a new savings account and nominate it for bonus interest once I work out with customer service how to ensure it applies. I think if I open it today and have at least 1c in it at 31/12 and transfer say $95000 in to allow growth I will be paid bonus interest on that account end of January. The timing of the nomination will be important though - 1/1/25 I think, after bonus interest paid on the old savings account.

    • I've noticed the opposite – getting no bonus interest on a month where I have achieved the goals. I hadn't achieved the goals the previous month yet got bonus interest so I think they actually pay you one month late. The wording in the app also seems to imply this, from the 1st of December it says, "You met all the required criteria in November…we'll deposit it straight into your account at the end of this month". You probably won't get any bonus interest at the end of this month because of that.

      • You are right. I didn’t look at December flag, says no. Oh well, I better move the money out now so it isn’t a total loss. Thanks for letting me know.

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