ING Direct Hikes CD Rates
ING Direct enhances its APY for its Orange CD programs with 9, 12, or 18-terms by 25 basis points. It also made 12-month CD special rate very competitive at 4.25% APY from a 4.00% yield.
The new APY rates are as follows: 9-month term at 3.75% (from 3.50%), 12-month term at 4.25% (from 4.00%), 18-month term at 4.25% (from 4.00%).
The 6-month term retains its rate of 3.50% APY. CD Programs still at 4.00% APY are the 24-, 30-. 36-, and 48-month terms.
The ING Direct requires no minimum deposit. It also applies for Joint Accounts or Living Trust accounts. The account holder may opt to receive the yields via Electric Orange, Orange Savings, or other verified external accounts. ING Direct also awards a 0.10% bonus if the yields are rolled to another Orange CD program.
The Orange CD’s also do not require a minimum deposit. The CD programs of ING Direct are very easily manageable using their online facilities.
Electric Orange Checking account holders will also enjoy 3.5% APY from the previous 3.25% APY for the ING top level accounts with balances of at least $100,000.
The changes in rates take effect after the announcement of the emergency Fed rate cut. ING Direct Orange Saving account still remains at 2.75% APY though.
ING Direct is a member of the ING Group which will benefit from a financial boostings from the Dutch government.
ING Direct are insured thru the FDIC with certificate # 35489.
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