ING Direct is currently running a promotion for its Electric Orange Checking Account. The promotion will give $50 bonus to each new customer when the following conditions are met during the promotion period:
- Open an Electric Orange with promotion code EL593 by October 31, 2009;
- Activate the Electric Orange MasterCard Debit Card;
- Use the Electric Orange Card to make at least 3 signature-based purchases in the first 45 days after the account has been opened;
- $50 bonus will be automatically deposited into the Electric Orange 50 days after the account has been opened.
Electric Orange is ING’s interest bearing checking account, but interests paid on a small account balance is close to nothing. Currently, an account with balance up to $50,000 only earns 0.25% APY. Interest rate for balance between $50,000 and $100,000 is at 1.50% APY and 1.55% APY for balance of $100,000 or more.
The account has no minimum balance requirement and no monthly service fees. The debit card also allows you to withdraw cash from AllPoint network ATMs for free.
