ING Direct Raises Rate on 18 Month CD to 4.50% APY

ING Direct raised the rate on its 18 month CD to 4.5% APY, making it the best 18 month cd rate according to the BestCashCow rate tables.

While ING Direct pioneered the high yield online savings account, it has not offered highly competitive rates for several years. Recently, ING has begun to offer more competitive rate products. It recently starting offering a 12 month, 4% APY CD which is competitive with other top cd rates.

That's good news because ING has a very easy account opening process. It can all be done online and the bank offers online validation of an account as well as ACH transfers into and out of their savings accounts and CDs. Other features of their CDs include:

No minimum deposit.
The ability to automatically transfer interest monthly or annually to an ING Savings account or a linked account at another bank.
Notification 35 days prior to maturity and 10 days after maturity to close the CD, change the amount, or change the term - without penalty.
The ability to open joing account CD or open the CD as a living trust.

See all 18 month CD rates.

Today's Highest Online CD Rates

Bank	Product Term	Interest Rate (APY)
Finworth, a division of InsBank	1-Year	4.55% APY with $50,000 minimum
TotalDirect, a division of City National Bank of Florida	1-Year	4.50% APY with $25,000 minimum
First Internet Bank of Indiana	1-Year	4.42% APY with $1,000 minimum
Merrick Bank	3-Year	4.15% APY with $25,000 minimum
Colorado Federal Savings Bank	3-Year	3.95% APY with $5,000 minimum
M.Y. Safra Bank	3-Year	3.90% APY with $500 minimum
Merrick Bank	5-Year	4.05% APY with $25,000 minimum
Synchrony Bank	5-Year	4.00% APY with no minimum
M.Y. Safra Bank	5-Year	3.90% APY with $500 minimum

Bank

Product Term

Interest Rate (APY)

Finworth, a division of InsBank

1-Year

4.55% APY with $50,000 minimum

TotalDirect, a division of City National Bank of Florida

1-Year

4.50% APY with $25,000 minimum

First Internet Bank of Indiana

1-Year

4.42% APY with $1,000 minimum