ING Direct just started a new CD promotion called The Added Value CD with a yield of 5.25% APY for a 9 and 12 month CD term. The regular Orange CD yield for these terms is 5.15% APY. The Added Value CD requires the funds to be new money: "New money must be from an external source and increase your total deposit balance with ING DIRECT above your balance on 9/5/2007." Like the Orange CDs, there's only a $1 minimum deposit requirement.
If the yield were something like 5.50%, I could get a little more excited. But for those who already have ING Direct savings or checking accounts, opening and managing an ING CD is very simple. Everything can be done online from your account to open and close a CD. So for some, the simplicity can make it worthwhile.