ING Direct is offering 2.8% on their FDIC-insured online savings account.

That’s a pretty good rate for a savings account (my local bank is offering a similar rate on 12-month CDs).

What’s more, ING Direct offers new customers $25 just for opening the account when referred by an existing customer (the referrer gets $10). There are no account minimums and no fees. You can open the account with $1 and get credited an additional $25. They’ll make you wait some time, I think a month, before you can withdraw their $25. Other than that, no restrictions.

There was once a $50 referral offer, I haven’t seen that in a couple of years though. I signed up at $25, pulled my money out, but then a couple years later realized I still had the account (with 17 cents in it) and started to use it. It’s actually quite useful.

If you’re interested in signing up with a $25 credit to your account, email me. Full disclosure, as mentioned above I’ll get $10 as well.