ING Direct Savings Finally Hits 3.5%

Last night, ING Direct raised its Orange Savings Account rate from 3.40% to 3.50% APY. I had thought that ING would make another slight increase in its savings account rate this week after the Fed's latest rate hike. It's very similar to what ING did last September when it raised the savings account rate from 3.30% to 3.40% after the Fed rate hike on Septmeber 20th. I was hoping ING might make a bigger increase than 0.10%, but it looks like ING is not worrying about being close to the leaders like EmigrantDirect. To see how ING Direct interest rates have changed this year refer to this chart (Note it hasn't been updated since early September.)

I thought it might be useful to include a list of my previous ING Direct related posts as a reference for those who are might be interested in joining.

ING Direct Certificates of Deposit

• Latest CD rate change
• New CD terms and more CD info
• Info on new CD account management features

Online Security

• ING's new security feature

Speed of Moving Money

• Hold times for deposits
• Time it takes to transfer money out

Customer Service

• Time it takes for response to questions

Bonuses

• ING Direct $50 Signup Bonus
• ING Direct's referral program

Miscellaneous

• News article on ING Direct's CEO