1. Quick overview
This article summarizes a current promotion from ING for new customers: a €200 welcome bonus for opening a first current account (giro account) and an attractive temporary interest rate of 3.20% p.a. on the linked Tagesgeld-Extra savings account for the first four months. The offer is time-limited and aimed primarily at people who have not held a giro account with ING in the last 12 months.
2. What the promotion includes
The main elements of the promotion are straightforward and useful for savers and new account holders:
- €200 one-time bonus credited to the Extra account after meeting the conditions.
- 3.20% interest rate on the Extra (tagesgeld) account for four months, applied up to a balance cap.
- After the four-month period, a variable base rate applies.
- Standard benefits such as a free debit card and cash withdrawal options are highlighted by the bank.
3. Exact eligibility and how to secure the €200 bonus
To qualify for the €200 bonus you must meet specific conditions. These conditions are spelled out by the bank and summarized here based on the available information.
3.1 Who can apply
The promotion targets new customers who open their first giro account with ING by 31 May 2026 and who have not had giro account management with ING in the past 12 months. Priority is given to true new customers; existing customers may receive different or lower offers.
The bank credits the €200 roughly seven working days after the second qualifying incoming payment. The credit is posted directly to the Extra account.
3.2 Required actions to receive the bonus
To get the €200, you must agree to the bank’s promotional option called ‘Tips for you personally’ within the first four weeks after account opening and keep this consent active until the bonus is credited. You must also register two consecutive monthly incoming payments on the new giro account during the first four months. These incoming payments can be split into parts.
- Age 28 and older: at least €1,000 monthly incoming payments (examples: salary, child benefit, student grants). Transfers from the customer’s own accounts or returned direct debits do not count.
- Under age 28: at least €700 monthly incoming payments.
4. Interest rate, limits and follow-up rates
The promotion includes a temporary bonus interest rate and standard follow-up conditions:
| Feature | Details |
|---|---|
| Promotional interest | 3.20% p.a. for four months |
| Promotion cap | Applies up to €250,000 on the Extra account |
| Rate after promotion | Variable 0.75% p.a. (subject to change) |
| Crediting | Interest calculated as per bank rules; the €200 bonus is credited separately after qualifying transactions. |
Some coverage notes indicate the bank increased the bonus interest from an earlier 3.00% to 3.20% for four months and that there are also special rates for business-type extra accounts in other product variants. The bank may offer different rates to certain customer groups (e.g., existing vs. new customers).
5. Comparison with competing offers and safety
When assessing the promotion, consider both the headline rate and the total package including the one-time bonus and deposit protection.
Examples from the market (as reported by reviewers) show other short-term rate promotions such as 3.50% for three months on lower deposit caps or 3.40% for four months at other providers. ING’s strength is the combination of a sizable €200 sign-up bonus and German deposit protection up to €100,000 per depositor, which can make the overall value competitive despite slightly lower follow-up rates.
Be aware that some competitors may advertise higher temporary rates but with lower caps or different conditions; others may have higher follow-up rates. Also note that some referenced comparisons mention tiered or older-style bonuses that differ from this main promotion.
6. Practical timeline and application tips
Key dates and practical steps to benefit from the promotion:
- Apply and open your first giro account by 31 May 2026. The date of application counts.
- Within the first four weeks, agree to ‘Tips for you personally’ and keep this consent active until the bonus is paid.
- Make two consecutive monthly qualifying incoming payments during the first four months after opening (amounts as required by age).
- Expect the €200 credit roughly seven working days after the second qualifying incoming payment; it will appear on the Extra account.
Act promptly if you intend to take part — sources advise applying before the deadline and keeping documentation of incoming payments in case you need to verify eligibility.
7. Taxes, customer notes and final thoughts
The €200 bonus is generally tax-free if your other incidental income from interest and similar sources stays below the small saver allowance (reported threshold: €256 per year); however, personal tax situations vary. Sources recommend seeking tax advice for individual cases.
7.1 Final considerations
This promotion can be attractive if you value a one-time sign-up bonus plus a competitive short-term interest boost on savings. Compare the full package — bonus conditions, temporary interest cap and follow-up rate — with alternative offers, and ensure you meet the eligibility rules (first giro account, no account with the bank in the previous 12 months, required incoming payments and consent). If you plan to place large sums, note the deposit protection limits and the limited duration of the promotional rate.
7.2 Keywords and takeaways
Keywords: savings, interest rate, 3.20% p.a., welcome bonus, €200, giro account, Tagesgeld-Extra, new customers, sign-up bonus, monthly deposits, deposit protection, tax-free bonus, promotion deadline. Takeaway: If you meet the eligibility rules and plan your incoming payments correctly, the combined €200 bonus and four months at 3.20% can be a worthwhile short-term boost to your savings.
