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ING Direct offers Electric Orange High Yield Checking Account at 0.25 percent APY
Posted by: RateAPY Bank Rates News
December 1st, 2010
When you think of interest rates you may be thinking mainly of your savings account or money market account. If so, you could be missing out on another opportunity to earn interest on your money: an interest checking account. As your funds flow in and out of this kind of account, you can earn interest for the period your funds are on deposit.
ING Direct offers Electric Orange, an FDIC-insured interest checking account with no minimum balance requirements, free ATM access at over 35,000 locations across the country and worldwide cash access. Interest rates start at 0.25 percent (which is better than some major banks) and top out at 1.25 percent.
ING Direct’s Electric Orange customers enjoy:
- Free bill paying services
- Free secure transfers to family or friends
- Free MasterCard debit card that earns 1.0 percent cash back on everyday purchases.
As of December 1, 2010, Electric Orange accounts with a balance of less than $50,000 earn 0.25 percent APY, accounts with $50,000 to $100,000 earn 1.20 percent APY, and accounts with $100,000 or more earn 1.25 percent APY.
Compare interest checking account terms and rates online to find the account that pays the best interest rates on the balance you can best maintain.
- Posted in Bank Deals | Bank News | Interest Rates
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