When you open a no fee ING DIRECT Account (no monthly or transaction fees), ING will get you started with a instant $50 savings bonus after you deposit $100. Tip: If you don't have $100, just get a $100 cash advance from your credit card to put in your bank account and you can pay it back in a week with your $150. Also, you get your first 50 cheques that you order free. Usually their savings rate is quite competitive (1.5% right now). Other regular banks (BMO, National Bank, Royal Bank, TD, Scotiabank) usually have rates around 0.25%, and charge for each transaction. To get your $50 you will need to enter an Orange key. Orange Key: 38977521S1 You will need to drop off a $100 cheque (cheque from your current bank) with payment to your name, on memo your Client # and type of account (Investment Savings Account, THRiVE Chequing?, RSP, Tax-Free Savings Account, or GIC) you want at top of cheque. Drop off cheque at a ING DIRECT branch/cafe or mail to: 111 Gordon Baker Road Toronto, ON M2H 3R1 The explanation and link to open the account is: http://www.ingdirect.ca/referafriend/ You can also talk directly to an ING representative (24/7): 1-888-464-8787.