ING Direct Canada TFSA Promotion Rate of 2.5%

The current TFSA interest rate in 2014  for ING Direct Canada appears to be at 1.4% as you can see here.

At the same time, they seem to be offering a promotion until March 31st, 2014 on new deposits where they are giving investors 2.5% until April 30, 2014.  Just to be clear as even I was confused at first, essentially the total amount of funds that you put into the account until March 31^st qualifies you to earn 2.5% on those funds until April 30, 2014.  Afterwards I would assume it reverts back to the standard 1.4% TFSA rate.

Apparently if you are a new client too and deposit at least $100 into the account they will throw in an additional $25 bonus for free.  They seem to be going all out in trying to attract new people.

ING Direct Goes To 3% For The New Years

Happy new years everyone! This was kind of a good change as I saw today that ING Direct has decided to increase its tax free savings account rate to 3%.

As indicated on the fine print too, “Rate as at January 1, 2010 and (like the weather) is subject to change. Interest is calculated daily and paid monthly.” This is currently the highest interest rate offered to my knowledge though. Not a bad way to start 2010.

ING Direct TFSA Rate To One Point Five Percent

I know on the ING Direct TFSA site the rate appeared to have dropped for about a month now, but I was hearing mixed stories about how some people were still getting the 3% rate. Thanks to some readers I guess this confirms that everyone is getting a 1.5% rate now.

ING Direct TFSA Increase To 3%

Maybe this was a Canada day boost, but it’s nice to know that at least one financial institution has dramatically bumped up its tax free savings account interest rate. As you can see, ING Direct is now at 3% which makes it the highest.

Maybe that is a good sign that others will increase their rates as well or it could be simply that ING is trying to stand out from the rest. ING usually has some of the higher interest rates when it comes to the more conventional savings accounts and so it would be nice if they kept this rate. Or better yet, increase it. 🙂

Large ING Direct Interest Rate Dive

You would think that the smaller financial institutions would consistently have the higher TFSA interest rates due to a lower overhead cost of the bank. I guess ING is an example on how when it comes to TFSA rates you just never know. As you can see, the rate has dropped to 1.7%.

Kind of sad to see the rate go this low for ING since it seems like for the better part the main attraction to them is usually the high interest rates.

ING Direct TFSA Interest Rate Drop

ING Direct definitely had one of the higher interest offerings at 3% initially and just recently the rate has been reduced to 2.3% as you can see here:

The rate is still higher than most other financial intuitions I suppose which is the good thing as a lot of other banks seemed to have adopted a 2.25% rate.

ING Direct TFSA Interest Rate And A Free $13 Bonus

While the interest rate for ING Direct was the predicted 3% as mentioned in the previous post, I never actually made an official post for it. As well, there was another detail about this financial institution that was worthy of a mention too.

Until January the 31st of this month, if you open up a new Tax-Free Investment Savings Account with ING Direct they will give you $13 for free. The stipulation from what I read is that you need to deposit an initial minimum of $100.

As well, during the signup you need to enter in the promo code or as they call it the “Orange Key” which is “TF13”.

This is also one of the places that indicate they have no fees, so that should be a relief for anyone who is contemplating in putting their money with them.