ING DIRECT was founded in 2000, with its headquarters in Wilmington, Delaware. ING Direct is a member of the Federal Deposit Insurance Corporation (FDIC). ING DIRECT offers a range of products which includes savings, checking, IRA, and Certificate of Deposit accounts.
The Orange Savings Account is an online savings product offered by ING DIRECT. ING DIRECT offers two possible methods to deposit money into an Orange Savings account: either via an electronic transfer from a checking account at another institution, or via direct deposit. Customers can link up to three external checking accounts for electronic deposits and withdrawals.
Electric Orange is ING DIRECT’s interest-bearing paperless checking account. The account has no minimum balance or direct deposit requirements, no monthly maintenance fees, and pays tiered interest rate according to account balance.