ING Direct CD Rates

ING Direct is the operating name of the ING Bank, FSB. This financial institution is in the business to save you- the customer-money. The bank does its business by way of the Internet, the telephone and postal mail. This means that their overhead and operating costs are less than other banks and they can pass on these savings to their customers.

ING Direct is the operating name of the ING Bank, FSB. This financial institution is in the business to save you- the customer-money. The bank does its business by way of the Internet, the telephone and postal mail. This means that their overhead and operating costs are less than other banks and they can pass on these savings to their customers.

ING Direct is a member of the Federal Deposit Insurance Corporation (FDIC) and all accounts are insured up to $250,000 per depositor. ING Direct offers certificates of deposit (CDs) that rock and the same can be said of the ING Direct CD rates!

The Orange CD at ING Direct guarantees you a high yield. There are excellent interest rates that come with guaranteed returns. You can earn more money with your CD without any concern over market risk. The terms available for an Orange CD at ING Direct range between 6 months and 60 months. You can choose to be paid the interest that has been earned either on a monthly basis, a yearly one or when the entire term comes to an end.

If you decide to withdraw money from the CD before the term comes to an end then you will be subject to penalties. If a CD term is 12 months or less then the penalty will be three months worth of interest. If the term for the CD term is longer than 12 months then the penalty comes to six months worth of interest.

Please be aware that the interest on an Orange CD from ING Direct is accrued daily and from there is compounded on a monthly basis. Opening an online CD is as simple and as quick as 1-2-3!

Here are the most recent ING Direct CD rates as of July 16, 2010:

•    6 Month Term- APY of 0.75%
•    9 Month Term- APY of 0.75%
•    12 Month Term- APY of 1.00%
•    18 Month Term- APY of 1.00%
•    24 Month Term- APY of 1.10%
•    30 Month Term- APY of 1.10%
•    36 Month Term- APY of 1.25%
•    48 Month Term- APY of 1.25%
•    60 Month Term- APY of 1.25%

ING Direct also offers a CD account for businesses, known as the Orange for Business. You can lock in a terrific CD rate for your business capital. If your business has some money that you would like to invest to earn a greater return then an ING Direct Business CD is for you.

The ING Direct CD rates are available to a selection of kinds of businesses. These include sole proprietorships, partnerships, limited liability companies (LLCs), corporations, not-for-profit organizations such as charities and small organizations such as condo associations. All business CDs at ING Direct are FDIC insured, in the same way that personal CDs are.

Here are the current business ING Direct CD rates that were effective as of March 17, 2010:

•    6 Month Term- APY of 0.75%
•    9 Month Term- APY of 0.75%
•    12 Month Term- APY of 1.00%
•    18 Month Term- APY of 1.00%
•    24 Month Term- APY of 1.10%
•    30 Month Term- APY of 1.10%
•    36 Month Term- APY of 1.25%
•    48 Month Term- APY of 1.25%
•    60 Month Term- APY of 1.25%

To learn more about the ING Direct certificates of deposit visit the website found at http://home.ingdirect.com/.