Here a ING Direct Electric Orange Checking Account bonus offer I just received in the mail, though I don’t use that checking account.
The offer is $25 bonus when you open an ING Electric Orange account before October 31, 2009. However, this is not the only condition that you have to meet in order to get the bonus. In addition, you will also have to use the free Debit Card to make 3 signature transactions within the first 45 days after the account is opened. Once you make the transactions, the bonus will be posted in your account on day 50.
Like the Orange Savings account, the rates of Electric Orange is pretty dismal if you have a small balance. Currently, the yield is only 0.25% APY for balance up to $50,000. And even if you have $100,000 or more and you want to put the money in the checking account (I don’t know why somebody would have $100K in a checking account), then you can earn 1.50% APY, still not very attractive. With that kind of money, you can get a better deal by putting them in a savings account at, for example, Ally Bank, to earn 1.70% return.
Besides, bearing interest, Electric Orange also has some other features that look pretty attractive, such as no minimum balance, no monthly fee, not ATM surcharge, and no overdraft fee, etc.
Anyway, if you are interested, use reference code EL596 to open a Electric Orange Checking Account and get the bonus.
