ING Direct $50 Bonus for New IRA Account

Though we are nearly one month into 2011, the deadline to make 2010 contribution to IRA account won’t end until the 2011 tax day, on April 18th this year. So you still have time to make last year’s contribution if you haven’t done so (see how to open an IRA account). And if you are looking for incentive to start saving for your retirement, here’s one for you to get started, but you need to act fast.

Online bank ING Direct is having a promotion that gives $50 bonus to customers who open a new IRA account. The bonus is being offered to those who open and fund an IRA Savings or CD Account with ING Direct before February 7, 2011. In order to receive the bonus, you must make an initial deposit of at least $200. After all the conditions are met, the $50 bonus will be credited to your account on February 28th and is considered as 2011 contribution.

The IRA Savings Account currently has a yield of 1.10% APY and the CD Account has CDs with terms from 3 months to 5 years. To open an ING Direct IRA Account and get the bonus, you can use this link.

Speaking of IRA Account promotions, I have seen quite some from discount brokers in the past when it got close to the deadline. It’s still quite early this year, but there are also promotions out there. For example,

• E-Trade: E-Trade is offering 100 commission free trades if you open an E*Trade IRA Account, or get up to $500 cash credit for a Rollover IRA, depending on the amount of deposit.
• optionsXpress: optionsXpress recently launched a new product called “Trade in Your IRA“, which let you trade stocks, options, futures, and ETFs in one account. No minimum balance requirement, free real-time streaming quotes.
• Options House: The discount broker raised its commission last month, but the cost, now $3.95 per trade, is still low comparing to other brokers. It still has the 100 commission free trades offer for IRA account. If you choose to transfer your account from other brokers, you can also get up to $125 in  account transfer fee.
• ShareBuilder: If you are considering using ShareBuilder for your IRA account, then you can invest for free in 2011 when you open a No-Fee ShareBuilder IRA Account. Depending on your investing frequency (weekly, bi-weekly, or monthly), you could save a lot of money with offer.
• Scottrade: I have a Scottrade IRA Account for many years and I like it for the same reasons as I like my regular brokerage account. You can get 3 commission free trades if you open a no-fee Scottrade IRA Account with promo code KGKP0724.

Related posts:

1. Citibank Ultimate Money Account $50 Bonus and ING Direct $25 Bonus
2. Hurry! ING Direct $50 Bonus for New Account Before 09/30/07 [Expired]
3. FNBO Direct Billpay Account $25 Bonus
4. ING Direct $121 Electric Orange Account Opening Bonus
5. ING Direct Business Savings Account $100 Bonus Promotion

Original Post on The Sun’s Financial Diary

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ING Direct $50 Bonus for New IRA Account

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