ING Direct Free $25 Online Savings Account Promotion

ING Direct is giving away a free $25 bonus to new customers that open an online savings account by August 3, 2009. The promo code VE222 and there’s a limit of one bonus per household.

There’s no minimum deposit required for this promotion, so you could potentially put in $1 and get $25 in return. You need to wait at least 30 days to withdraw your bonus however.

ING’s savings rate is at 1.5% APY on all balances which isn’t an amazing rate, but isn’t horrible either. Their interface is extremely easy to use and they’re a good place for beginners to online savings accounts. Readers should note that you can only link checking accounts to your ING savings account. Money market and savings accounts are excluded from linkage.

ING Direct is a FDIC insured bank.