ING Direct has two of the best CD rates available today for a one year certificate of deposit. The bank is offering two different one year CD products. The highest CD rate is for their “Added Value CD,” the current annual percentage yield (APY) is 2.25 percent.
This yield is for CD accounts that are opened with money not currently deposited with ING Direct, also known as “new money.” If you open a one year certificate of deposit account with monies already deposited with ING Direct, the APY is 2.10 percent - still one of the best bank cd yields available today.
Both one year CD rates are a lot higher than the national average CD rates available today. Today’s one year national average CD rate is 1.165 percent. The rates are currently higher than all of ING Direct’s other certificate of deposit terms, including their longer term 5 year CDs which have a current APY of 1.75 percent.
ING Direct Orange and Added Value CD Rates
Author: CD Rates
October 8th, 2009
