ING Direct has an Added Value CD with a rate of 2.25% annual percentage yield (APY) for 12 months, one of the best CD rates around. You must open the certificate of deposit online and funds must come from a non-ING checking account. Other details of the offer include:
- Certificates of deposit can’t be used for business, power of attorney, beneficiary, or individual retirement accounts
- FDIC insured up to $250,000 per depositor
- Penalty for early withdrawal
- Interest can be disbursed monthly or annually to external checking account
ING Direct also offers other CD rates for certificates of deposit linked to ING savings or checking accounts. Orange CDs are for terms of six months to 60 months. The following CD rates are current as of Oct. 2:
- 6 months - 1.55% APY
- 9 months - 1.15% APY
- 12 month - 2.1% APY
- 18 months - 1.5% APY
- 24 months - 1.5% APY
- 30 months - 1.5% APY
- 36 months - 1.5% APY
- 48 months - 1.75% APY
- 60 months - 1.75% APY
Interest on ING Direct CDs is calculated daily and compounded monthly. CD statements are delivered electronically each quarter unless there is activity on the account, in which case statements are delivered monthly. Interest payments alone are not considered activity. Once a certificate of deposit matures, you can renew it for the same term or a different term.
- 6 Month CD 1.08 %
- 1-year CD 1.33 %
- 2-year CD 1.74 %
- Money Market Account 1.04 %
- Savings Account 1.04 %
- 30-year Fixed Mortgage 4.95 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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