Comments on: Banking Reviews: ING’s Electric Orange Checking Account http://www.americanconsumernews.com/2007/02/banking-reviews-ing%e2%80%99s-electric-orange-checking-account.html Helping Smart Shoppers Save Sat, 20 Mar 2010 21:11:39 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: C4 http://www.americanconsumernews.com/2007/02/banking-reviews-ing%e2%80%99s-electric-orange-checking-account.html/comment-page-1#comment-220 C4 Thu, 22 Feb 2007 02:05:00 +0000 http://www.americanconsumernews.com/2007/02/banking-reviews-ing%e2%80%99s-electric-orange-checking-account.html#comment-220 In January, other blogs were claiming the Electric Orange accounts would be available to everyone in February. Now February is almost over, and the account is still only available to select customers.<br/>Now, you are saying it will be available sometime in March. Do you know this for fact, or is that speculation? In January, other blogs were claiming the Electric Orange accounts would be available to everyone in February. Now February is almost over, and the account is still only available to select customers.
Now, you are saying it will be available sometime in March. Do you know this for fact, or is that speculation?

]]> By: Anonymous http://www.americanconsumernews.com/2007/02/banking-reviews-ing%e2%80%99s-electric-orange-checking-account.html/comment-page-1#comment-207 Anonymous Tue, 20 Feb 2007 20:21:00 +0000 http://www.americanconsumernews.com/2007/02/banking-reviews-ing%e2%80%99s-electric-orange-checking-account.html#comment-207 This article says: "The 3.0% APY is a little bit deceiving. If you read the fine print, you’ll see that it’s a mix of a savings account and an interest free checking account."<br/><br/>Is this true? ING's Terms and Conditions says: "For legal and accounting purposes, your EO is broken-down into two subaccounts (one savings account and one checking account, both of which earn interest at the same rate). "<br/><br/>Which to me means that the checking account has the same interest rate as the savings account. This article says: “The 3.0% APY is a little bit deceiving. If you read the fine print, you’ll see that it’s a mix of a savings account and an interest free checking account.”

Is this true? ING’s Terms and Conditions says: “For legal and accounting purposes, your EO is broken-down into two subaccounts (one savings account and one checking account, both of which earn interest at the same rate). “

Which to me means that the checking account has the same interest rate as the savings account.

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