A. They already have a great savings rate, but now they encourage people to save with a tiered system. ING Direct has a low interest rate of only 4.35%, but Virtualbank starts off with a better rate of 4.60%.
Their tiers actually encourage people to deposit money to this account:
Less than 50k: 4.60%
50k<x<100k: 4.86%
Above 100k: 5.13%
B. Virtualbank only needs $100 to open (vs. $250 for ING Direct) in order to obtain the bonus!
C. Virtualbank can link upto 4 external bank accounts (compared to 3 for ING Direct)
D. Finally, they provide prepaid envelopes through their links! (VERY useful to link accounts)
You also get upto $1000 in referral bonuses...
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