ING Raises Rates on CDs, One Year at 4% APY

Rate information contained on this page may have changed. Please find latest cd rates.

ING Direct has raised the rates on its 6, 12, and 18 month CDs. They are now moderately competitive although still not at the top of the rate tables.

INGDirectING Direct has raised the rates on its 6, 12, and 18 month CDs.  They are now moderately competitive although still not at the top of the rate tables.

The 6 month CD yields 3.75% APY while the 12 month CD and 18 month CD both yield 4% APY.

All CDs have a minimum balance of $1 to open, the lowest minimum balance of any of the banks covered on the BestCashCow rate tables.

ING Direct was one of the earlier virtual banks and from 2001 to 2004 was a rate leader.  Over the last four years their rates have been less competitive although they have continued to receive high marks for ease-of-opening an account and customer service. 

CDs can be opened online and automatically linked to a checking account so that money can be transferred via ACH. 

ING Direct has a 4-start Bauer rating, which ranks it as being in good financial condition.

Your code to embed this article on your website* :

*You are allowed to change only styles on the code of this iframe.

Today's Highest Online CD Rates

Bank Product Term Interest Rate (APY)
Navy Federal Credit Union 1-Year 0.85% APY with $100,000 minimum
Primary Bank 1-Year 0.80% APY with $1,000 minimum
Gateway First Bank 1-Year 0.75% APY with $25,000 minimum
Primary Bank 3-Year 1.00% APY with $1,000 minimum
USAA Federal Savings Bank 3-Year 0.91% APY with $175,000 minimum
Connexus 3-Year 0.90% APY with $5,000 minimum
Primary Bank 5-Year 1.30% APY with $1,000 minimum
Navy Federal Credit Union 5-Year 1.25% APY with $100,000 minimum
USAA Federal Savings Bank 5-Year 1.11% APY with $175,000 minimum

See More Online CD Rates →

Comments

  • Drew

    September 01, 2008

    Quit pumping ING.

    They have not been a top interest payer in years, so they are irrelevant in todays market.

  • «
  • Page 1 of 1
  • »
Add your Comment