ING Drops Orange Savings Account Rate to 4.30% APY; Checking and Business Also Fall

09.19.07 | Online Savings Accounts | 1 Comment | by junger

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

One day after the Fed dropped rates a half a point, ING has lowered the APY on their Orange Savings Account to 4.30% and also dropped the APY on the Electric Orange checking account.


Here are the new rates for the Electric Orange account:

* $0-49,999.99 earns a 3.50% APY
* $50,000.00-$99,999.99 earns a 4.90% APY
* $100,000.00 or more earns a 5.00% APY
* Rates are variable and effective 9/19/07

The business online savings account has also seen a rate drop, falling from 5.00% APY to 4.75%.

ING has been lagging behind the leaders in high-yield accounts for some time now, so it's not totally surprising that the rates have dropped.

We'll be keeping an eye out for other rate changes in the near future — they're gonna happen.

Subscribe to Email Updates

Enter your email address:

Read More Related Posts

Example: %customfield2%

1 Comment

have your say

Add your comment below, or trackback from your own site. Subscribe to these comments.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>



« Salem Five Direct's eOne Account: Too Good to Be True?
» Mint Officially Launches, Wins Top Company at TechCrunch40