Investors Secure Generous Rewards from ING's Innovative Strategies: A Look at Higher Returns from the Well-known Financial Institution
ING, one of Germany's favourite banks, has recently introduced a promotion offering bonuses to its Smart Invest service users. This promotion, running from November 5th to December 8th, 2024, is particularly interesting for existing and new customers seeking investment opportunities.
The promotion does not directly compete with the new cashback card mentioned in the article "New cashback card on the market - Serious competition for Trade Republic debit card?". Instead, it focuses on ING's digital wealth management service, similar to a robo-advisor.
The bonus amounts depend on the deposit amount, with 50 euros for deposits of 5,000 euros or more, 100 euros for deposits of 10,000 euros or more, 250 euros for deposits of 20,000 euros or more, 500 euros for deposits of 40,000 euros or more, and 1,000 euros for deposits of 100,000 euros or more. Customers can secure up to 1,000 euros in the form of an Amazon gift card.
While ING's Smart Invest offers an attractive bonus, it comes with fees of 0.75% per year plus product costs. It's essential to weigh the promotion's value against these fees and potential cheaper alternatives before making a decision.
When comparing ING's Smart Invest with other robo-advisors like Vanguard and Schwab, differences become apparent. ING's Smart Invest emphasises stable, fixed returns and high-yield savings with minimal fees, making it suitable for investors seeking safety and predictable income without frequent trading or portfolio adjustment.
On the other hand, robo-advisors like Vanguard and Schwab Intelligent Portfolios provide goal-oriented, diversified investment portfolios with tax advantages and professional advisory access. They generally charge management or advisory fees, although Schwab offers a no-advisory-fee option.
For investors prioritising low fees and automated diversification, robo-advisors might offer better portfolio management benefits. For investors seeking guaranteed returns with simplicity and low fees, ING's term accounts or Smart Invest options offer an attractive alternative.
It's worth noting that the promotion is not exclusive to existing ING customers; new customers can access it via a specific link. The bonus will be sent via email by February 1st, 2025, at the latest, and does not involve investments that are warned to make one poor, as mentioned in the article "Famous US billionaire warns: These investments will make you poor!".
Comparisons between the fees of ING's Smart Invest and other robo-advisors are limited by the available data, but the general pattern is fixed returns with low fees at ING versus fee-based, actively managed and diversified portfolios in robo-advisors like Vanguard and Schwab. Customers are advised to research thoroughly before making investment decisions.
[1] ING Savings Accounts: https://www.ing-diirect.com/en/savings-accounts [2] ING Smart Invest: https://www.ing.de/private/produkte/finanzprodukte/smart-invest [3] Börse ONLINE Robo-Advisor Comparison: https://www.boerse-online.de/robo-advisors/vergleich/
Investing with ING's Smart Invest service, a part of their digital wealth management, can earn you attractive bonuses through a promotion running from November 5th to December 8th, 2024. The bonuses vary depending on the deposit amount, with up to 1,000 euros in the form of an Amazon gift card for deposits of 100,000 euros or more.
While fees for ING's Smart Invest are 0.75% per year plus product costs, it caters to personal-finance seekers who prioritize stable, fixed returns and high-yield savings with minimal fees. In contrast, robo-advisors like Vanguard and Schwab offer goal-oriented, diversified investment portfolios with tax advantages and professional advisory access, often with management or advisory fees.
