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New ING Direct checking account

M

manlymatt83

Lifer
:thumbsup:


America's first all?electronic, paperless checking account is going to change the way you do your banking. Earn a great rate and get great features like online Free Bill Pay, easy access to cash, an Electric Orange MasterCard® debit card and more ? Electric Orange provides the access and convenience of checking with the earning power of savings.

Make money while managing your money.
With Electric Orange, you'll earn high interest on all balances.

Electric Orange Balance Interest Rate APY Effective Date
$0-$49,999.99 2.96% 3.00% 11/29/2006
$50,000.00-$99,999.99 4.94% 5.05% 11/29/2006
$100,000.00 or more 5.18% 5.30% 11/29/2006

For example, if your balance is $55,000, you earn a great 5.05% APY on the entire balance.

MasterCard® Debit Card convenience.
With your Electric Orange MasterCard® Debit Card you can make secure purchases anywhere MasterCard® is accepted ? sign the receipt or enter your Card PIN and go.

Free ATM access at more than 32,000 ATMs nationwide.
Make free cash withdrawals at ATM locations in all 50 states through the Allpoint? Network ? America's largest Surcharge?Free ATM Network. To find a free ATM near you, check out the ATM locator.

Send money securely for free with Electric Checks.
With Electric Orange, you can send money to an individual's bank account with Electric Checks for free. Simply enter the person's information, the details of the payment, and an email will be sent to the recipient. The person can click on the link within the email to go to a secure page to enter their account information and the money is transferred!

Automatic protection with a $1,000 Overdraft Line of Credit.
Say goodbye to excessive NSF fees charged by other banks. When you open your Electric Orange, you'll automatically get a $1,000 line of credit that's connected right to your Electric Orange and is accessed anytime your balance goes below $0.00. There's no fee to use the line of credit ? you'll just pay a competitive interest rate on the money you need to borrow.

Safe, Secure and Smart.
You can rest easy knowing the money in your Electric Orange is FDIC-insured (read more about FDIC insurance). It's also protected by our unique and innovative PIN Guard PIN entry process. Plus, you can set up secure Email Notifications to tell you if a card transaction is over a certain amount, or if your balance drops below a certain level.

Questions? Check out our Electric Orange FAQs.
 
Right now its invite only...

America's first all?electronic, paperless checking account is going to change the way you do your banking. Earn a great rate and get great features like online Free Bill Pay, easy access to cash, an Electric Orange MasterCard® debit card and more ? Electric Orange provides the access and convenience of checking with the earning power of savings.

Make money while managing your money.
With Electric Orange, you'll earn high interest on all balances.

Electric Orange Balance Interest Rate APY Effective Date
$0-$49,999.99 2.96% 3.00% 11/29/2006
$50,000.00-$99,999.99 4.94% 5.05% 11/29/2006
$100,000.00 or more 5.18% 5.30% 11/29/2006

For example, if your balance is $55,000, you earn a great 5.05% APY on the entire balance.

MasterCard® Debit Card convenience.
With your Electric Orange MasterCard® Debit Card you can make secure purchases anywhere MasterCard® is accepted ? sign the receipt or enter your Card PIN and go.

Free ATM access at more than 32,000 ATMs nationwide.
Make free cash withdrawals at ATM locations in all 50 states through the Allpoint? Network ? America's largest Surcharge?Free ATM Network. To find a free ATM near you, check out the ATM locator.

Send money securely for free with Electric Checks.
With Electric Orange, you can send money to an individual's bank account with Electric Checks for free. Simply enter the person's information, the details of the payment, and an email will be sent to the recipient. The person can click on the link within the email to go to a secure page to enter their account information and the money is transferred!

Automatic protection with a $1,000 Overdraft Line of Credit.
Say goodbye to excessive NSF fees charged by other banks. When you open your Electric Orange, you'll automatically get a $1,000 line of credit that's connected right to your Electric Orange and is accessed anytime your balance goes below $0.00. There's no fee to use the line of credit ? you'll just pay a competitive interest rate on the money you need to borrow.

Safe, Secure and Smart.
You can rest easy knowing the money in your Electric Orange is FDIC-insured (read more about FDIC insurance). It's also protected by our unique and innovative PIN Guard PIN entry process. Plus, you can set up secure Email Notifications to tell you if a card transaction is over a certain amount, or if your balance drops below a certain level.

Questions? Check out our Electric Orange FAQs.
 
Originally posted by: mwtgg
How is this better than Citi's e-Savings account that is paired with a Free Checking account?
Click to expand...

it's not. ing's for people who don't know any better.
they've been trailing the competition for over a year now, sometimes by over a whole percent.
there are plenty of better options. one you mentioned, hsbc, emigrant direct, eloan, etc.
check bankrate.
 
I love ING. I use it as my piggy bank for my computer fund. Automatically withdraws $20 a week from my bank's checking account and every 2 years I get a new $2,000 computer. Takes a few days to withdraw the cash so that I'm not tempted to spend it. Props to ING! :laugh:
 
Originally posted by: DBL
Originally posted by: mwtgg
How is this better than Citi's e-Savings account that is paired with a Free Checking account?
Click to expand...

It's not.
Click to expand...

It depends since the rate depends on how much is in your balance. E-Saving is at 5.00% with no min. and you have to have over 50K to get 5.05% on ING checking.
 
Just got my new ING Debit card today 🙂 Beautiful. Works. I love ING.

Screw the .65% interest rate differnce. They pay 3% on checking, citi pays nada, and you can only transfer in and out of a savings account a certain amount of times in a month.

My direct deposit comes in, and I earn interest while I wait for bills to clear out of the account. Its perfect.

-Matt
 
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