I am personally a loyal customer and a strong advocate of ING Direct and hence when I came across this today and thought of posting it here as well. The account seems to be a mix between the ING savings account and the regular checking account. Sounds good to me ! Click here to go to ING Direct.
Here is the low down on the same:
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|
|$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.
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 your Overdraft Line of Credit.
Say goodbye to excessive NSF fees charged by other banks. When you open your Electric Orange, you'll automatically get an Overdraft 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 . 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.