http://www.fatwallet.com/forums/messageview.cfm?catid=22&threadid=109779 I did this and it works. The money is in my account already, and their interest rate is higher than what I earn on my money market account. I have no affiliation with or interest in ING; I just thought I'd pass along a way to make $50 in about 10 minutes, 5 minutes if you type faster than me (and who doesn't?).
Hey, Good link/post, and it does seem easy, but: Too bad you don't get a atm/visa checkcard linked to the new savings account. They hold your money when you transfer it back. You have to transfer your money back to your checking account to get it out. It does seem like a good way to make 50.00, but it seems like alot of fuss ;-) ---------------------- But, their mortgage process seems easy and painless. I am not putting down your link/post information, I just wanted to post the above things. ;-) I think the post is great though!!!!!
I suspect most people put away a little bit of cash for rainy days; this looks like an excellent spot to do it, since the interest rate is higher, and it can actually be an advantage to have money that takes an extra day to access, for those with itchy spending fingers. And did I mention they are giving you $50, just for opening the account? 50 bucks of free money is 50 bucks of free money. If you positively need the cash, simply open the account, get the $50, and then transfer it back to your checking account. It would take about 15 minutes of time total for this, so that means you are getting payed $200 an hour for your trouble.
Aah, o.k. Get the money and run? LOL. Ok. I get it now........... Shame they don't offer a atm/checkcard though!!! ;-)
I did this last year when they were offering it and they do pay. I keep a small balance in the account just to keep it open. I really should deposit money into it regulary though, interest. They'll mail you statements every now and that, cant remember how often. Around 2 times a year I think, for those who arent current customers it's worth the trouble of signing up!
