Good place to park short-term money.
Deposits eligible for the Winter Save Up Sale
Only New Funds are eligible for the 4.75% APY. New Funds must:
To determine what portion of your Orange Savings Account balance will earn the 4.75% APY, during the Sale Period we add up all of your new deposits from an external source and then subtract all withdrawals from the account (whether internal or external) from that total. If that amount is greater than zero, it is eligible for the 4.75% APY. If an account is closed during the Sale Period, the 4.75% may not be earned for the entire period that the new funds were on deposit.
Accounts eligible for the Winter Save Up Sale
After April 15, 2006, all the money in your Orange Savings Account will earn the current APY at that time.
For example, using the Orange Savings Account APY from December 31, 2005 (3.80%), all New Funds that are deposited on January 19, 2006, will yield 4.75% APY for 87 days until April 15, 2006, and would yield 3.80% APY after that date. So, the blended APY for the first year after account opening is 4.03%. The blended APY for New Funds that are on deposit for fewer than 87 days will be lower, as it may vary depending on the number of days the promotional rate is earned. The non-promotional APY is variable and may change during the Sale Period.
ING DIRECT retains the right to withdraw this offer at any time
Deposits eligible for the Winter Save Up Sale
Only New Funds are eligible for the 4.75% APY. New Funds must:
- Be from an external source
- Be deposited into an Orange Savings Account
- Be deposited any time between January 19, 2006 to April 15, 2006 – the Sale Period
- Increase your total balances with ING DIRECT compared to your balances in all deposit accounts at the beginning of the Sale Period
To determine what portion of your Orange Savings Account balance will earn the 4.75% APY, during the Sale Period we add up all of your new deposits from an external source and then subtract all withdrawals from the account (whether internal or external) from that total. If that amount is greater than zero, it is eligible for the 4.75% APY. If an account is closed during the Sale Period, the 4.75% may not be earned for the entire period that the new funds were on deposit.
Accounts eligible for the Winter Save Up Sale
- All new Orange Savings Accounts opened by new ING DIRECT Customers
- All existing Orange Savings Accounts belonging to current
ING DIRECT Customers
After April 15, 2006, all the money in your Orange Savings Account will earn the current APY at that time.
For example, using the Orange Savings Account APY from December 31, 2005 (3.80%), all New Funds that are deposited on January 19, 2006, will yield 4.75% APY for 87 days until April 15, 2006, and would yield 3.80% APY after that date. So, the blended APY for the first year after account opening is 4.03%. The blended APY for New Funds that are on deposit for fewer than 87 days will be lower, as it may vary depending on the number of days the promotional rate is earned. The non-promotional APY is variable and may change during the Sale Period.
ING DIRECT retains the right to withdraw this offer at any time
