ING Direct is offering some of the best certificate of deposit (CD) rates for their “Orange CD”. The 9 month CD yield of 3.75% and the 1 year CD yield of 4.25% are especially competitive. The Orange CD is only for personal accounts and can not be used for business, power of attorney, beneficiary or individual retirement accounts.
Current CD Rates:
Early withdrawal penalty:
The early withdrawal penalty for an Orange CD with a term that is 12 months or less is three (3) months of interest regardless of when, prior to maturity, you make a withdrawal. The early withdrawal penalty for an Orange CD with a term that is longer than 12 months is six (6) months of interest regardless of when, prior to maturity, you make a withdrawal. Depending on how early you redeem an OCD, the resulting penalty may be greater than the interest that has been earned on the deposit.
ING Direct Orange Certificate of Deposit Application
Author: CD Rates
November 10th, 2008
