ING DIRECT's Interest Rate Monitor Helps Canadians Save and Be in the Know!

And by signing up now, Canadians get a chance to win a 1% Mortgage

TORONTO, Oct. 6 /CNW/ - Canadians have even more reasons to sign-up for ING DIRECT's Interest Rate Monitor e-Newsletter. The country's leading online bank, is running a contest where Canadians who sign-up for the online newsletter are entered into a draw to win a 5-Year Fixed mortgage at a rate of one per cent. Winning could provide up to $46,000 in interest savings(1). One lucky winner will be chosen every month from September to December 2009 so there are four chances to win!

ING DIRECT's Interest Rate Monitor gives Canadians looking for a home or mortgage tips and tools to help them save as much as possible in the process. The Interest Rate Monitor provides everything from trends in the housing market to insight on mortgage lingo.

"Being prepared is key to finding the mortgage that best fits your needs," said Martin Beaudry, Vice President of Lending. "While ING DIRECT always offers great low rates on the unmortgage, it's also important to stay in the know about mortgage features. The Interest Rate Monitor gives mortgage shoppers tips and tools that get them started on the right path in their mortgage search, which in the end helps them save their money."

To find out more about the Interest Rate Monitor and the contest, visit

About ING DIRECT Canada

ING DIRECT is Canada's leading direct bank with over 1.6 million Clients and more than $27 billion in total assets. ING DIRECT gives the power of saving to all Canadians by offering high-value, simple products such as high interest savings accounts with no fees or service charges and low rates on mortgages. Low cost, index-based mutual funds are sold through ING DIRECT Funds Limited. ING DIRECT has been operating in Canada since 1997, and since that time Clients have earned more than $3.9 billion in interest. Clients can bank with ING DIRECT 24 hours a day, 7 days a week, at or by calling 1-800 ING DIRECT (1-800-464-3473).

    (1) Savings example based on a $300,000 unmortgage, amortized over 25
    years, with a 5 Year Fixed Rate of 4.29%.

SOURCE Tangerine

For further information: For further information: To arrange an interview or for more information, please contact: Lynnette Visaya, ING DIRECT, Office: (416) 758-5544, Mobile: (416) 509-4574,

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