ING Direct raised the yield on many terms of its Orange CDs
| Stumble it! | Del.icio.us! | Reddit! | Cosmos! | Digg! |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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