ING Direct Business Account $50 Promotion

I opened a PNC Business Checking Account early this year for the little business I am running.  The reasons I had the account with PNC are that 1) they have a branch office in our neighborhood, so it’s easy to make a deposit; 2) the account has low balance requirement and no monthly fees; 3) there was a $75 bonus promotion back then for opening an account.

The account works fine for me so far, with the only drawback that the account doesn’t pay any interest. Even though I don’t have a lot of money in the account, it still would be nice if I can earn some interests for the money I keep in it. A supplementary, interest bearing business account I am looking at is ING Direct Business Savings Account. Like ING’s Orange Savings Account, the business account has no minimum balance requirement and no monthly fee and it pays 1.15% APY as of now. The yield isn’t that great for a savings account, but better than other business savings accounts as far as I know. The account can be the savings option for many kinds of businesses, including

• Sole Proprietorships
• Partnerships
• Limited Liability Companies (LLCs)
• Corporations

The only requirement for the business savings account is to have a business checking account at another bank, which I do have with PNC, and link it to ING. Best of all, right now there’s a promotion of $50 bonus when opening an ING Direct Business Savings Account with promotion code BSA282.

I haven’t decided whether to get an account (yeah, another one) or not, but with no minimum deposit required, the $50 profit does looks pretty good