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Link ING to Emigrant Direct for Highest Rates
Posted By Jim On 09/20/2005 @ 7:39 pm In General,Investing,Personal Finance | 2 Comments
A lot of folks sign up to ING Direct  to get the $25 signup bonus (email me if you want the referral link, you get $25 and I get $10) but then hesitate to sign up for the 4.0% that Emigrant  offers because they don’t want to withdraw money from ING to their account and then send it over to Emigrant. Well, the solution is presented quite elegantly (and less verbose than I have below) by MyMoneyBlog . What you need to do is open an account at both ING Direct and Emigrant, make the required deposits, and then supply ING with the details so you can link the two accounts.
The best strategy is to get someone who already has an account to send you a referral email and you’ll get $25 (and they get $10). After it clears, open an Emigrant Direct account, link the two, and transfer all but $1.00 from ING to Emigrant Direct. If ING tops the 4.0% interest, then transfer it back. No need to use another account as a middleman (and waste time). Hope that helps and again, kudos to Jonathan for figuring this out.
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 ING Direct: http://www.bargaineering.com/articles/r/ingdirect.php
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