Here at Peak Personal Finance, we like to look at what’s going on in savings plans, including CD rates, so today we’re going to look at the latest from ING Direct.
ING Direct CD rates are relatively lower than the market average but the company enjoys customer trust and many prefer to deposit their money with this premium bank.
ING Direct offers a complete online solution to customers, through its main website, where they can open their accounts by following simple procedures. Following are ING Direct CD rates as of February 18, 2010.
ING Orange CD Rates for an investment of six months returns an APY of 1.00%. A 9-month CD also offers the same rates at 1.00%. A 1-year CD at ING Direct returns an APY of 1.25%. An 18-month CD also returns an APY of 1.25% for a basic investment of $1,000.
ING certificate of deposit rates for a 2-year CD are currently accrued at 1.50%. They are the same for a 30-month CD at 1.50%. Three year CD also offers an APY of 1.50%. A 4-year CD offers an APY of 1.75% and a 5-year CD also offers an APY of 1.75%.
Maximum APY at ING is available for the four and five years CDs. ING Direct does not offer the highest rates in CD investment but still have managed to gain currency with customers. CD rates are subject to change and the bank may increase or decrease these rates. New rates will be applicable on new CDs only though penalties remain uniform in case of user violation irrespective of the date of purchase of these certificates of deposit.
