ING CD Rates
ING Direct is a virtual (branchless) bank that is part of the mega-sized ING Group, an Amsterdam-based financial institution that is one of the ten largest companies in the world. Best CD Rates Info set about reviewing ING Direct CD rates, and we do have to admit that we were a bit surprised to find that there was only one type of product offered: the ING Orange CD.
However, the ING Direct Orange CD comes in varying terms and interest rates, so there are plenty of choices to consider. There are about nine different term lengths from which to choose, so you can get an ING CD ranging from six months to sixty months.
The Annual Percentage Yield (APY) on these ING Direct CDs varies with the length of the term. For six, nine and twelve month term ING CDs, we found the Annual Percentage Yield to be 3.30%. ING CD’s with terms ranging from eighteen to 48 months were found to have an APY of 2.50%. When we checked, the ING CD Rate for a sixty month term was 3.00% APY.
We give the ING Direct Orange CD credit for convenience, since you can apply for (and fund) ING Direct CDs right online. ING states that its deposits are FDIC insured. Since CD rates and other details can vary, please check the ING Direct web site to see the current terms that are available. These ING CDs would seem to be especially interesting for those looking for CDs with terms equal or less than 12 months.