(October 5 – 10:10 ET) – ING DIRECT is offering a business investment savings account, paying 5% interest on deposits, with no minimum balance requirements, and no service charges or fees.

“Canadian business owners and Not-for-Profits wanted a safe, secure and profitable way to save their business cash without locking it away,” says Paul Bedbrook, president and CEO, ING DIRECT.

ING DIRECT says any sole proprietorship, general partnership, corporation and or association can open the business account. Businesses can call 1-800 ING DIRECT (1 800 464-3473) or log on to www.ingdirect.ca to enroll online or to request an information kit. Once the account is set up, the business can initiate deposits or withdrawals between their ING DIRECT account and their business transactional account via electronic funds transfer over the Internet or telephone.

Businesses can save in either Canadian or U.S. currency. The U.S. dollar business account currently earns 5.5%. Interest on both Canadian and U.S. business accournts is calculated daily and paid monthly. Canadian savings are insured under the Canada Deposit Insurance Corporation.
-IE Staff