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Make $50-100 this year just for five minutes of your time
Submitted by: Drex Davis

Here's a tip to help you get more money for scrapbooking supplies.

 

Are you getting paid a high amount of interest on your savings?

 

You should be.

 

Interest is the amount of money a bank pays you for keeping your savings with them.  This money really adds up over time.

 

One of the best things you can do for your financial health is to save some money every month.  Even if it’s as little as $10 or $25, it will add up over time.  If your savings account pays a good rate of interest, it will REALLY add up.

 

The bank ING is probably the best bank we are aware of for your savings and they pay a very high rate of interest on those savings.

 

Open a savings account with ING in under five minutes with no fees, no minimums and FDIC insurance

 

You can sign up online (yes, it's absolutely FREE to sign up) and have money deposited to your new savings account very easily.  In fact, I use one bank for my checking account, and ING for my savings account, because they pay such high interest.  Each pay period my paycheck is deposited into my checking account.  I have an automatic check (or transfer) for $25 sent to my ING savings account each month (I don’t even have to think about it, it just automatically goes over and I never miss the money because I never see it or count on it).

 

Look at the magic of saving money in a high interest bearing account.

 

If you save $25 per month ($300 per year) for the next 30 years, and the bank pays you 5% in interest each year, then at the end of the 30 years you would have

 

$20893.16

 

But get this . . .

 

You would have put in only $9,000.00

 

The bank would have paid you $11,893.16

 

You’ll notice that the amount the bank paid you is more than 100% more than you put in!

 

That is because of the magic of “compounding interest.”  Compounding interest means that if the bank pays you money for keeping my money in their savings account, and then you leave it in the account, they not only pay you interest on the original money you put in, but in the future they’ll pay you interest on the money they paid you, too!  And on and on and on for as long as you keep money in the bank.  So they’re paying you money for paying you money!

 

Isn’t that wonderful!?
It's not too good to be true, just too good to keep it to myself! 


Get started by opening a savings account at ING today. It's absolutely free, it takes just five minutes and could make a HUGE difference in your finances.


Click here to start saving with ING Direct!