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ING Direct raised the yield on many terms of its Orange CDs today. But the 18-month yield fell from 4.50% to 4.25% APY. To get the 4.50% yield now requires the 24-month term. Below is the full list of the old and new yields.

ING Direct Old and New CD yields as of 9/30/08Term        Old APY     New APY

 6 month      3.75%     3.75%

 9 month      3.75%     3.75%

12 month      4.00%     4.25%

18 month      4.50%     4.25%

24 month      4.00%     4.50%

30 month      4.00%     4.25%

36 month      4.00%     4.25%

48 month      4.00%     4.25%

60 month      4.25%     4.50%

ING Direct also increased the rates for the top tiers of its Electric Orange Checking Account. The yields for the $50K and $100K tiers were raised by 10 basis points to 3.30% APY and 3.50% APY. The bottom tier yield remains at 1.75% APY.

ING Direct’s bank deposit products are FDIC insured (FDIC Certificate # 35489)

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