ING Direct cut the top-tier rates of its Electric Orange checking account by 10 basis points:
- 1.15% for $100K+ (was 1.25%)
- 1.10% for $50K-$100K (was 1.20%)
- 0.25% for under $50K (unchanged)
The Orange Savings account had a similar rate cut
These previous rates had held for almost a year.