This foray into an easy 230% return comes courtesy of two of the best financial institution offers available right now. The offers are only good for new customers and will tie up some of your initial investment for about three months. The offers can be found on the ING and Sharebuilder websites. ING is one of the largest internet banks and Sharebuilder is an online discount broker that was purchased by ING. Here’s how to do it.

ING bonus money

ING currently has a new savings account offer that will reward you with a $25 bonus when you open your account with a $250 deposit. That’s a 10% return. ING will also add $10 into your account for every friend you refer to ING, providing the friend also opens an account with $250 or more. There is a lifetime limit of 50 friend referrals, but that could provide you with an extra $500 in bonus money if you max out your referrals.

You don’t even have to step foot in a bank to transfer your money. You can set up a one-time electronic funds transfer from your current bank to your new ING account. That account setup process only takes about 10 minutes. Once your deposit is transferred into your new account, it can’t be withdrawn for 10 business days. Some $25 bonuses are added to the accounts before the money even transfers in from your old bank. After the 10 day waiting period, you can electronically transfer all of your funds back to your old bank if you wish, closing down your ING account. There are no fees with the ING savings account and it pays around 1.1% interest.