ING Direct Increases Yields Slightly on CDs

ING Direct made some slight increases in its CD rates. These increases on the short term CDs put the rates back to where they were before ING Direct reduced the rates on January 23. For terms of 2-years and over, the rates are still 0.05% less than where they were before January 23. It's interesting to see ING make changes so soon since its last CD rate change.

Like the Orange Savings Account, the CDs from ING Direct don't have the best rates. Since I've been tracking ING CD rates for awhile, I'll keep doing it for history sake. It may be a good gauge of interest rate trends. When ING's 4.75% Winter Save Up Sale nears its end, perhaps we'll see some spring sales on CDs.

CD Term   APY
6 month   4.20% (up from 4.15%)
9 month   4.25% (up from 4.20%)
12 month  4.40% (up from 4.35%)
18 month  4.60% (up from 4.50%)
24 month  4.70% (up from 4.60%)
30 month  4.70% (up from 4.60%)
36 month  4.70% (up from 4.60%)
48 month  4.75% (up from 4.65%)
60 month  4.80% (up from 4.70%)

Refer to this post for info on ING Direct's 4.75% promotion, and refer to this post for info on ING Direct's last certificate of deposit rate change.