ING Direct Bank CD Rates
There is a lot of change going on in how some savings and investment rates are going. We here at Highest CD Rates Info thought we should look at how they’re doing at ING, one of the more popular places for highest CD rates.
When we last looked at ING Direct CD rates, they were doing well. Now, we’re finding they are still in pretty good shape compared to most of the current CD rates at other banks, nationally, right now.
Terms begin at 6 months and go out to 60 months. Current annual percentage yields (APY) are by term, of course.
For a 6 month or 9 month term, the return is 1.25% APY and for a special 12 month term the rate is 1.75% APY. For 18 and 24 months, it drops to 1.50% APY, however. Other ING Direct Bank certificate of deposit rates are the same.
For 30 and 36 months, the return is still 1.50% APY and for 48 and 60 month terms it jumps back up to 1.75% APY.
For the shorter-term, the ING CD rates offers are very good, but they get below the national average after that 12 month special. ING is steady, though, and while they might not always have the highest CD rates, they do have steady offers.
Of course, ING is completely FDIC insured to the fullest extent of the law. If your term ends before December 31, 2012, you can deposit up to $250,000 for FDIC protection. After that, it drops back down to the pre-2008 $100,000 limit.
Current CD rates at ING may change, so if any of htese ING Direct Bank CD rates appeal to you, lock yours in today.