Originally Posted by yukon28209

The main difference is that ING now requires a $250 deposit by the new customer, in order to receive the $25. (Only the referrals created before mid-October were grandfathered in with the "no minimum deposit.")

Still, that's a 10% return rate just for opening an account.

I have referrals and you can still find them on the web as well.

The nice bit about being with ING is that you can create laddering accounts very simply. Let's say you opened one account with $250 and then got the $25 bonus. You could then open 5 additional accounts with no minimum, and start saving a different amount in each of them, even if you only want to start with $1 or $2. One could be for Christmas, the other could be for car repairs or a vacation fund, you get the picture. The no minimum CDs are great too.

It also makes it very easy to start a small savings account for a child. I believe you can even send an opening bonus or gift (it wouldn't apply to the $250/$25 bonus deal, but it might encourage a younger person to start saving money).