There are two main criteria I use to determine the best online savings account and to choose where to put my money when it comes to short-term savings: interest rates and customer service. Interest rates are important because I don’t want my money to lose purchasing power. I’m looking to beat inflation, and many banks do not offering a savings option with high enough interest rates.

ING Direct has been working hard to promote their checking accounts and their sweet $50 checking account bonus has returned once again.

The big news this week was the culmination of months of speculation, debate and intrigue: The official passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The President’s approval of the most sweeping financial reform legislation of the past 80 years may have rightfully captured the headlines, but there were a few other stories that caught our eye.

Thanks to Marina over at ING Direct for tipping us off on a sweet contest they are having beginning the 28th of this month as well as giving us a sneak peak at their new mobile banking interface.
Here’s the scoop…
ING DIRECT just launched its mobile app for iPhone and Blackberry. The app makes banking simple by providing Customers with the all the essential features needed to save on the go:

ING Direct’s Electric Orange checking account is highly regarded for its user-friendly overdraft line of credit, but the Online bank is tacking on another incentive for those in need of a standard-interest, no-fee checking account.
If you open an Electric Orange checking account and meet a transaction quota, you’ll get a $50 bonus.
ING Direct
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