ING Direct Cuts Rates Again

After cutting rates twice in February, I thought ING Direct may take a break in March. Unfortunately, the rate cuts continue.

Orange Savings Account rate fell from 1.15% to 1.10% APY. Electric Orange's top rate fell from 1.35% to 1.25% APY ($100K balance). The second tier also fell by 10 basis points. 12-Month CD rate fell from 1.25% to 1.10% APY. Terms under 1-year now pay under 1% (0.90% APY).

Refer to my ING Direct review for more info.

Hat tip to the reader who mentioned this in the comments.