For the ING Direct savings account, does the initial deposit amount matter?

Question

There is no first minimum deposit amount required (can be any amount), but does the amount first deposited affect the interest or anything? Even if I deposit higher amounts after the initial deposit? Say if i first deposit $50 and then my further deposits vary (maybe up to $500). So should I try to deposit a large amount of money first? Or does it matter?
I'd prefer answers from people who work with savings accounts or have experience with ING or similar. Thanks.

Answer 1

I have an ING savings account. I love it. I've saved a lot over the past year and a half. You can use their direct deposit or auto-deposit feature to put your savings on auto pilot and not even worry about remembering. Good job getting started down the right road.
As for the initial deposit, your rate will not change whether you deposit $1.00 or $1000.
The only time your deposit matters is if you have a referal email from someone. If you use the link in the email and deposit $250 (or more), you get a $25 bonus. The person who sent you the email also gets $10.
Hope this helps, and Good Luck.
-spyder

Answer 2

The initial deposit doesn't matter. The interest fluctuates but it's not contingent upon the amount in your account.