expired GET $30 Bonus for Signing up a New ING Savings Maximiser Account
This was posted 1 year 4 days ago, and might be an out-dated deal
Variable welcome rate of 5.60% for first 4 months (for new customers only) plus a $30 cash bonus when you make your first deposit by 14/07/12
Comments (Closed)
eXtremist on 18/05/2012 - 07:33 Comment score below threshold (-13).
Jusdrifn 86 on 18/05/2012 - 08:01 Comment score below threshold (2).
tsunamisurfer on 18/05/2012 - 13:00 Comment score below threshold (3).
Trance N Dance on 18/05/2012 - 09:04 ¶Question is, if we sign up now and then hold the account for however long is necessary and then close it, are we still eligible for future 'incentive' promotions?
don't banks keep your records for 7 years or so? so maybe after 7 years you will be a new customer
it's on online account so i don't think they even require id verification at aust post - a deposit from a linked account with the same name from another bank suffices. you will need to verify your id if you want to open an orange everyday account though (wait for a similar promotion for the orange everyday)
the interest rate is comparable to ubank for 4 months.
they used to have periodic referral promotions for existing maximiser account holders but they haven't had one for over a year now i thinks
tanoshiiki on 18/05/2012 - 11:07 ¶I originally signed up when they gave away $123 (not sure if same promotion), but apparently it was because signing up was easy 1,2,3… Banks don't give away money like that anymore!
m0nkeycheese on 18/05/2012 - 11:45 ¶+1 ive been a customer for years. Im waiting for another everyday accounts deal
+1 voteUBank uSaver is currently 5.51% if you deposit at least $200 a month (ASP). Otherwise 4.91% standard variable rate.
ING Direct is $30 + 5.60% (4 months only). 4.00% standard variable rate.http://www.ubank.com.au/ub/web/usaver/online-savings-compare...
+2 votesING Direct cash bonuses are crap, because they classify it as "Interest". Meaning you will get taxed for it, or reported to the tax office if you don't declare it as income. Not worth the trouble. Why ING voluntarily chose to classify it as interest, I have no idea, especially when ING gets no benefit from it. Maybe ING likes the tax office? All the other banks' cash bonuses are not considered interest, only ING does this stupid thing.
-1 voteGood point. It's especially relevant to people on Centrelink benefits who must declare new income and bank accounts. They ask for your TFN so Centrelink will end up finding out about it anyway even if you don't tell them (and then they might penalise you according to Centrelink's deeming rates).
+2 votesWeird and Wonderful on 18/05/2012 - 13:53 ¶These offers aggravate me, rather than giving money to new customers try taking a bit more care of your existing ones.
I know I'd prefer to see a message saying "to our wonderful an loyal customers we are offering an additional 0.20%P.A for the next 4 months."These incentives may get a few people signing up but after their payout they will move on, taking care of your customers will have them talking and will spread word of mouth about how satisfied they are.
+1 voteYou're not alone, but dont say it on here or you'll get negged.. Its our money in these accounts which is essentially being used to fund these stupid "incentives" and the savings Interest rate of return is pathetic thanks to the constant drops in the home loan rate due to people who have over capitalised.
There really is no benefit to saving let alone being loyal anymore.
+1 voteI use UBank, rate @ 5.51
http://www.ubank.com.au/ub/web/usaver/online-savings-compare...
mjmbargins on 20/05/2012 - 15:27 ¶How much does my first deposit have to be for me to qualify for the $30 cash bonus?
Thanks guys, I'm looking forward to your comments!
Edit: P.S What are the customer benefits with this account?
Do I get a free visa debit card linked to the account with unlimited free visa card transactions including ATM?
What is the monthly account fee for this account?
- Weird and Wonderful on 20/05/2012 - 23:01 ¶
No visa debit card, this is a high interest bank account that is linked to your standard bank account.
Most standard bank accounts offer 0.1% on your balance, whereas ING gives 4%P.A + 1.6% bonus for the first 4 months.
No account fees and unlimited transfers, no minimum monthly deposits or maximum withdrawals.
Shop around though I believe that Ubank is offering an account that is virtually the same with a higher interest rate.
I'm personally with ING and I've been very happy with their services, they state it could take up to 2 buisness days although it generally takes ~12 hours.- Trance N Dance on 20/05/2012 - 23:36 ¶
UBank is actually lower at 4.90% base rate and 5.51% bonus rate (if you deposit $200 or more a month).
Also transfers seem to take overnight for me, St George, ANZ and UBank.
+1 voteyea what is the minimum deposit amount? and lets say joint account also included, if Person A and Person B opens a single name account respectively, and they open a joint account A&B, can they get $30 x 3 = $90 in total?
I closed my ING a/c half year ago, am I still qualify as a new customer? any T&C link would help. Thanks~!!!
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