ING Direct CD Increases - Nov 19th

ING Direct slightly increased rates on most of its CDs today. The largest increase was made to the 6-month and 12-month CD. Both went up by 0.10%. Rates on all other terms except the 60-month increased by 0.05%. The 60-month CD remained the same. Below is a listing of the new and old rates

CD Term   APY
6 month   4.10% (up from 4.00%)
9 month   4.20% (up from 4.15%)
12 month  4.35% (up from 4.25%)
18 month  4.45% (up from 4.40%)
24 month  4.70% (up from 4.65%)
30 month  4.75% (up from 4.70%)
36 month  4.75% (up from 4.70%)
48 month  4.80% (up from 4.75%)
60 month  4.85% 

These CD rates are still lower than those at other top banks. At least these rates are more competitive than the rate of ING's Orange Savings Account which remains at 3.50% and is more than 0.50% lower than savings accounts at many banks.

ING's CDs have two advantages over many other banks. First, just like the savings account, the CDs have no minimum deposit requirements. Second, the CDs can be easily opened online and funded with money from either your Orange Savings Account or from your linked checking accounts.

Refer to this post for links of previous ING-related posts.