ING Direct Raises 12 Month CD to 1.85% APY
September 9th, 2009
Today, ING Direct made a few adjustments to their 6 and 12 Month CD rates. The 6 month rate decreased to 1.55% from 1.65% APY, and the 12 month rate increased to 1.85% APY, which is up 0.35%. The rates on the Orange Savings Account and Electric Orange Checking Account remain the same.
The increase in the 12 month CD is a nice jump, but still falls below other online banks like Ally and HSBC Direct who both offer a 2.00% APY. It is interesting to look back only a year and remember when the 6 month CD was 3.75% APY and the 12 month was 4.00% APY. The question remains if we will ever see rates like this again.
To see a full range of CD rates, make sure to visit mybanktracker.com/cd-rates
ING DIRECT, the nation's largest direct bank and largest thrift, is dedicated to inspiring Americans to become a nation of savers. Since its inception in 2000, more than 7.5 million Americans have entrusted their savings with ING DIRECT.
ING DIrect offers- Electric Orange, an easy-to-use paperless checking account that also pays a great interest rate. The Orange Savings Account lets you save with no fees, no minimums and a great rate. The Orange Mortgage has low closing costs, a simple application.
Banking starts over here and now. Built on the foundation of GMAC, Ally is an online bank with no monthly fees, no minimum balances and no minimum deposits. Our rates are always among the most competitive and we offer live 24/7 Customer Care Support. Member FDIC.
Tags: ING, ING Direct, ING Direct 1.85, ING Direct CD, INg Direct raise 12, ING Directr 1.85 CD, INg-direct 12 month cd
Posted in Bank deals, Bank rates
