About a year ago Scotiabank bought ING DIRECT Canada for $3.1 Billion and part of the agreement required Scotiabank to change the name from ING DIRECT. What did Canada’s third largest lender decide to call it? Tangerine. Tangerine will be operating as an independent unit from Scotiabank and Peter Aceto has promised that Tangerine will continue to offer free banking accounts and high interest rates in their savings account. So far things seem to be on the right track; free checking accounts, high interest rates and great customer service, which were the building blocks for ING DIRECT, have continued under the new ownership. Will this continue into the future? No one really knows for sure, but I don’t see a reason for Scotiabank to change much. Scotiabank has a good track record with keeping their promises. It’s been a few years since they bought E*Trade, now Scotia iTrade, and they have continued to improve things for customers.
USA readers checkout Capital One 360, former ING DIRECT, for free $50!
ING Direct has always been one of my favorite financial institutions, in fact I was a client between 1996-1999 when in lived in Holland. They offer free banking and better interest rates compared to the big 5 (both in their TFSA accounts and regular savings accounts), their customer service is outstanding, they have an excellent social media team across the country who are always ready to answer questions and share great information with their followers. On top of all of this they give you $25 when you open an account and deposite $100, BUT till December 31st they will double that and give you $50 for opening an account. That is $50 for just opening an account and depositing $100 in your savings account. Free banking, better savings rate, excellent customer service AND $50.
How do you claim your $50?
It’s simple, just copy the orange key below than “flip” it over and click on “sign me up”. Find the right account for your needs and at the end when asked for “Orange Key” just enter this number (39597236S1). Don’t worry about it saying $25, the banner hasn’t been updated yet.
1. Go to ING Direct
2. Find the right account that fits your needs.
3. When asked for “Orange Key” just enter this number (39597236S1)