The Barefoot Investor recommends it and over 1.7 million customers swear by it. What are we talking about? The iconic Orange Everyday Card being flashed about by Isla Fisher on the tv – with everyone talking about it, you might be wondering why everyone seems to be going ING – Crazy!
Well, gimmicks aside, if you have an ING account you already know you’re laughing all the way to your app (one of the ways ING gets great rates is they’re all online – no queuing in the bank for you!).
And if you don’t have one, you might want the low-down on what the fuss is all about. What really makes ING Direct so competitive, is these two accounts: The Savings Maximiser and The Orange Everyday. When these two accounts are used in conjunction with each other, they make a powerful super-savings team!
It might sound counter-intuitive to open 2 accounts, but with the high interest available on the Savings Maximser only applicable if you have an Orange Everyday account (also laced with benefits), it’s well worth it.
So, how do I get the benefits?
Easy! Everything’s online as ING Direct is pretty savvy like that. When you open a Savings Maximiser account online you’ll also need to open an Orange Everyday account too. When you do this, you’ll get pretty much the best variable rate on the market at 2.8% if you follow these simple steps:
- Deposit $1,000 from a non-ING account, every month
- Make 5 or more purchases with your ING card each month (ATM withdrawals don’t count!)
So if you make the switch, you’ll want to have your salary paid into your Orange Everyday account (not the Savings Maximiser) and buy the odd coffee, gig ticket or groceries to hit the 5 purchase Orange Everyday rule and you’ll be hitting that higher 2.8% interest rate, making your money go further.
And as you’ve had to open the Orange Everyday account to get this bonus, ING Direct have also thrown in a few other great bonus’s on this account alone which certainly makes it attractive to travelers, shoppers and people who like getting money.
With the ING Direct Orange Everyday account:
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- ING Direct refund your Australian ATM withdrawal fees instantly
- Like to shop overseas, online or both? You get your international transaction fee back too!
- No general account fees for absolutely nothing? Yes please!
So it’s all a win-win situation! If you want to know more about how you can make your money work for you, book in for a free 30 minute chat now.
Read the small print and find out more about the ING Savings Maximiser and Orange Everyday account on their website.
General Advice Disclaimer
This blog contains general advice only. You need to consider with your financial planner, your investment objectives, financial situation and your particular needs prior to making any strategy or product decision. InterPrac Financial Planning Pty Ltd and its authorised representatives do not accept any liability for any errors or omissions of information supplied in this document except for liability under statute which cannot be excluded.