Open an Electric Orange checking account at ING Direct and you could earn a $50 bonus. You need to use reference code EM522 when you open your account online.
To earn the bonus you must activate an Electric Orange Debit MasterCard and make three signature-based purchases with it within 45 days. The $50 bonus gets credited to your account on day 50. Other details of the checking account include:
- No minimum balance requirement
- No monthly fees
- Pay bills online free
- Free transactions at 35,000 ATMs
- 1.25% annual percentage yield (APY) on balances over $100,000
- 1.2% APY on balances between $50,000 and $99,999.99
- 0.25% APY on balances under $50,000
Bank rates are current as of August 26, 2010. If you are tired of getting socked with high overdraft fees you might like this account. The average that most banks charge for overdrafts on checking accounts is $30. The Electric Orange bank rate for overdrafts is 2 cents a day on an overdraft balance of $100. So if you overdraw your checking account by $500, you pay an overdraft fee of 99 cents.
ING Direct online bank accounts are insured by the Federal Deposit Insurance Corp.(FDIC)
- 6 Month CD %
- 1-year CD %
- 2-year CD %
- Money Market Account %
- Savings Account %
- 30-year Fixed Mortgage 3.62 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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