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ING Direct Winter Save Up Sale

ING Direct [3] pulled out the big guns today when it announced that all new deposits (though existing members are eligible, you don’t have to be a new member) between January 19th and April 15th, 2006, would earn you 4.75% APY for that time period. Here are the terms:

Deposits eligible for the Winter Save Up Sale
Only New Funds are eligible for the 4.75% APY. New Funds must:

And their handy dandy example: “For example, using the Orange Savings Account APY from December 31, 2005 (3.80%), all New Funds that are deposited on January 19, 2006, will yield 4.75% APY for 87 days until April 15, 2006, and would yield 3.80% APY after that date. So, the blended APY for the first year after account opening is 4.03%. The blended APY for New Funds that are on deposit for fewer than 87 days will be lower, as it may vary depending on the number of days the promotional rate is earned. The non-promotional APY is variable and may change during the Sale Period.”

More Terms & Conditions. [4]

If you need to open an account, go to this ING Direct referral page [5] and you’ll get $25 if you deposit $250 for thirty days.