ING CD Rates Update
We’re continuing our look at great CD rates here at Best CD Rates Info by turning towards ING Direct CD rates.
ING Direct is one of the largest financial institutions in the world and has a major presence in the United States. ING CD rates have become popular in recent years as people have started investing their money into these certificates. The bank does not have any minimum deposit requirement and does not charge any fees under the regular fixed term deposit option.
ING Direct CD accounts can be opened online by using the relevant feature of the Web site. The company offers a simple procedure that can be completed in a few minutes.
ING Bank CD rates for a 6-month fixed term certificates are priced at 1.25% APY. This investment is offered under the ING Orange CD option that offers the highest yields and interest rates.
Orange CD rates for a 9-month certificate are also priced at 1.25% whereas a 1-year investment returns 2.00%. A 2-year investment would yield lower under this investment option as the company offers 1.50% APY. These interest rates continue for the 30-month CD as well as the 3-year certificate. The CD rates for an investment in 5-year CD are also lower at 1.75%.
The company has mainly updated the interest rates for the 1-year option and currently offering one of the best CD rates for a 1-year certificate. This rate is generally not available under other options offered by other financial institutions. The bank, however, does apply penalties on early withdrawal unlike some other banks. The payment of interest rates is flexible and depends on the choices made by the customers.
