Here’s a Black Friday sale I can appreciate. ING Direct is offering a $121 bonus for opening an Electronic Orange checking account today, Friday, November 27, 2009. This is a one-day only sale.
According to ING Direct, consumers pay $121 in overdraft fees, on average, each year. The Electric Orange includes an overdraft line of credit. This is different than the overdraft protection you find at most banks. As long as your overdraft is within the limit of your line of credit, you pay ING Direct interest on the amount of the overdraft.
ING Direct is also offering a 2% APY “Added Value” certificate of deposit. This is a 12-month CD and the special rate, 0.25 percentage points above ING Direct’s regular 12-month CD, and qualifying for this rate requires customers to leave their deposit at the bank in full without making any withdrawals.
In a sea of advertising encouraging consumption, it’s good to see a Black Friday special focusing on savings.
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ING Direct Offering $121 Bonus for New Checking Accounts
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