ING Direct Electric Orange Top-Tier Rates Fall

ING Direct cut the top-tier rates of its Electric Orange checking account by 10 basis points:

New APYs:

• 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.