This RRSP season, which way is up?



    ING DIRECT offers 4.5% high rate RSP GIC guaranteed to grow

    TORONTO, Feb. 25 /CNW/ - With so many choices during RRSP season
Canadians should think carefully about how they invest their hard earned
money. A recent ING DIRECT - Ipsos-Reid survey indicates that only about half
of Canadians (53 per cent) make the time to think about and plan for their
savings goals indicating it's more important than ever to ensure awareness of
all options when making last minute investment decisions at this time of year.
    To appeal to investors who want the security of knowing their money is
safe and will grow at a great rate, ING DIRECT is offering a high rate 4.5%,
one year RSP GIC, until February 29, 2008. It provides the guaranteed benefits
of an ING DIRECT GIC, with no minimum balance, combined with the tax savings
of an RSP. This product offers one of the best rates in the market and has no
fees or service charges.
    "We launched the high rate GIC in response to market demand for a
guaranteed investment at the great rates clients have come to expect of ING
DIRECT," said Reg Bacchiochi, Senior Vice President, Operations and Sales at
ING DIRECT. "The success of this product has been overwhelming with balances
already 68% higher this RRSP season compared to last year. It demonstrates
that consumers are heeding the advice of experts by not waiting to the last
minute to invest in RSPs and that they are considering a variety of options to
diversify their investment portfolios."
    For more information about the limited time ING DIRECT 4.5% RSP GIC,
visit www.ingdirect.ca.

    About ING DIRECT

    ING DIRECT is Canada's largest direct bank with over 1.5 million
customers and more than $23 billion in total assets. ING DIRECT offers
high-value, simple products that help Canadians save their money through high
interest rates on deposits with no fees or service charges, low rates on
mortgages and low-cost, index-based mutual funds. Clients can bank with ING
DIRECT 24 hours a day, 7 days a week, at www.ingdirect.ca or by calling 1-800
ING DIRECT.

    Style note to Editors: ING DIRECT is always capitalized and never
    referred to as ING.





For further information:

For further information: Lisa Naccarato, ING DIRECT, Office: (416)
758-5072, Mobile: (416) 885-0348, lnaccarato@ingdirect.ca


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