An Added Bonus to a Checking Deal

When we wrote about the ING Electric Orange Checking Account two months ago, it was offering interest rates of at least 1.60% (APY) on balances over $50,000.  Since then, those rates have fallen slightly to 1.50-1.55% (APY).  However, balances below $50,000 continue to earn 0.25% (APY) in interest, which might be low compared to the interest rate on ING’s savings account, 1.30% (APY), but is exceptional for a checking account.   Besides, it is over twice Bank of America’s interest rate on its regular savings account, 0.10% (APY)!

And as an added incentive, ING is now giving a $50 bonus if you make three “signature transactions” (i.e., transactions that require your ink signature) within 45 days after opening an Electric Orange Checking Account.  Just use reference code EM352 when applying.  But the end date for this deal is not given on its website or on its marketing emails, so if you are looking for a checking account that pays interest, act fast to get $50 to go with it.

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