As stated in title. $50 plus 5% pa welcome rate for first 4 months. Use promo code BONUS and make first deposit by 14 April 2013.
This is different from the referral deal through ING at the moment so if you want to help other people get a bonus as well you might want to look at the financial forum on this site. Cheers
Would like to know this too. If it stacks, a lucky ozbargainer with spare invite will get a free $50 from my sign up.
Important Information
To be eligible for the $50 cash bonus you must be a " new ING DIRECT customer " and apply online using the promo code “BONUS”. The cash bonus will be credited to your first account opened within the first two weeks following your first deposit being made by 31 March 2013. A tax liability may exist with the payment of the cash bonus. One $50 cash bonus payment per account (including joint accounts). Cash bonus offer is available for a limited time only and ING DIRECT reserves the right to withdraw the offer at any time at its sole discretion. If withdrawn, ING DIRECT will honour all promo codes entered before the offer is withdrawn, provided that you make your first deposit by 31 March 2013.
Similiar wording to the visa paywave promo yet existing customers got it. I think if you are an existing customer you merely need to apply for a new account. It wont apply to your existing accounts.
Existing users apply through ING Internet banking. It it much faster, but I cannot see any field for "promotional code". Hence I am doubting whether existing ING customers can apply for this.
is this correct ^ ?
Same here, don't see anywhere to enter the code. I've sent a message to them asking them this question.
back when the intro rate was 5.35%, i already had an existing OE account but didn't use the internal sign-up form. i selected "not an existing customer" and got the $50 bonus.
Nope, the bonus is only for new customers to the bank. This was the reply I got:
You can certainly take advantage on the welcome rate if you a new customer to the Savings Maximiser. However the $50 bonus is only applicable if you are a new customer to the bank.
:(
Whats the 0.75% bonus interest mentioned in the t's and c's?
IIRC that's when you increase the savings by at least $200 each month.
Where is the place to enter "BONUS" ?
Its on the last page before submitting application
OK I will try, thanks.
I don't mind what code to get $50 credit, but I couldn't see where to enter it.
It is in the last step of the application.
Can I close my existing saving's account and sign up?
Yes, but then you will lose the 5% Pave and Save.
Mmmm, Pave and Save… if only the paving companies would catch onto this one… even better if (Disclaimer: I know it's not everywhere) the staff didnt just show you where the pavers were and stood there while you loaded the back of your car yourself… multiple times!
Make sure to enter your TFN or you only get $25
If anyone interested in referral code for $50 sign up bonus when opening ING Orange account, PM me. Refer http://www.ozbargain.com.au/node/85255
ME Bank pays 5.10% for a full year or longer, check http://www.ratecity.com.au/savings-accounts/me-bank/online-s…
You would need to have more than 50k stashed away for the 0.10% to outweigh the benefit of the $50 bonus.
Does anybody know if having like 6 bank accounts in your name is detrimental to your credit rating/anything else?
why would it be? you're simply distributing your credit funds as you see fit. there would be no reason to think capitalising on the maximum available bank promotions would indicate a detrimental capacity to service your debt obligations.
You can have as many transaction and savings accounts you see fit. These type of accounts never make it to one's credit file.
No, apparently it's very commonplace amongst rich people anyway.
So there is no requirements to earn the $50? I just need to any amount of deposit into my account and after 4 months I can withdraw all and cancel my account and go back to my other bank?
Does anyone know when the $50 will be deposited into the account?
I received my first one a couple of days ago.
When I made an account with this same promotion (but the last time they did it), it took less than 2 weeks from memory. It's not too long at all.
Important Information
Information and interest rates are current as at 21 December 2012 and are subject to change.
Combined balances up to $250,000 per customer are guaranteed by the Australian Government.
The advertised Savings Maximiser variable welcome rate applies for 4 months from the date the Savings Maximiser is opened on balances up to $250,000 and is subject to change. At the end of the 4 month period, the rate that applies to your account balance will be the Savings Maximiser standard variable rate applicable at the time. The offer is applicable on the first Savings Maximiser that you open (including joint accounts) and is for a limited time only.
To be eligible for the $50 cash bonus you must be a new ING DIRECT customer and apply online using the promo code “BONUS”. The cash bonus will be credited to your first account opened within the first two weeks following your first deposit being made by 31 March 2013. A tax liability may exist with the payment of the cash bonus. One $50 cash bonus payment per account (including joint accounts). Cash bonus offer is available for a limited time only and ING DIRECT reserves the right to withdraw the offer at any time at its sole discretion. If withdrawn, ING DIRECT will honour all promo codes entered before the offer is withdrawn, provided that you make your first deposit by 31 March 2013.
A variable Loyalty Bonus of 0.75% p.a. will be paid on balances up to and including $50,000 in months where the closing balance on the last day of a calendar month is at least $200 higher (excluding interest earned) than the opening balance of the first day of the same month. Balances over this amount will continue to receive the standard variable rate applicable at the time. Bonus rate is subject to change and is not paid in conjunction with any other promotional rate.
Source:
http://campaigns.ingdirect.com.au/Savings-calculator?cid=ps%…
Any way existing customers can get this? Seems like a slap in the face in terms of loyalty…
Can anyone with an existing account confirm that this works? I swear I got to the last page, but no place to enter code…
If you're loyal to your bank you deserve a slap in the face.
Always do your research and chase the highest rates you can get no matter which bank.
I dont know why the website always showing error when I try to make the new account. is this happen with u guys as well?
Hi, I was just wondering if the first initial transfer from external linked bank account to activate the account is considered a deposit?
Yes, it does.
Thanks fchis.
So after that initial transfer I don't need to deposit any further amount to get the $50 bonus
Thanks :)
according Important Information as my previous comment, the answer is yes. You only need the initial transfer to activate the account and you will receive $50 in 2 weeks afterward.
cheers
thanks for the info :)
Anyone know when we have to open the account by to get the 5% welcome rate??
please clarify can anyone confirm if you are an existing customer with only the orange transaction account open that you get the option to enter the promo code at the end of the application if you click on existing customer and log in to apply for the savings maximiser account? if not then what if you open up the savings maximiser first then the orange account will you qualify for both $50. ?
Account opened : 14/1
First Deposit : $1.00 on 17/1
$50 bonus rec'd : 22/1
Easy money :)
Account opened: 24th Jan
First Deposit: 10$ on 31st Jan
$50 bonus credit received: 3rd Feb :-)
SELL!!!
Can this be stacked with ING refer a friend $50 bonus?