Bank CD Rates

The current ING Direct CD rates were posted on December 12, 2009 and are still current at the end of the month and year. ING is still calling their CDs the Orange CDs and a return is guaranteed by the FDIC.  The interest that is accumulated with these CDs can be paid out monthly, annually, or at the term of the CD. The best deal is still the 12 month CD that has an APY rate of 2.00%.

This is the complete bank CD rates offered from ING direct. The 60 month CD has an APY of 1.75%. The 48 month CD has an APY of 1.75%. The 36 month CD has an APY of 1.50%. The 30 month CD has an APY of 1.50%. The 24 month CD has an APY of 1.50%. The 18 month CD has an APY of 1.50%. The 12 month CD has an APY of 2.00%. The 9 month CD has an APY of 1.25%, and the 6 month CD has an APY of 1.25%.

Applying for a CD is easy and quick with the ING online banking system. The interest incurred by CDs is done daily and compounded on a monthly basis. 35 days before a CD matures, ING will send out a notice informing the investor of the maturing of their CD. Included in this notice will be the renewal rates and any other pertinent information. The grace period for moving funds from a CD is 10 calendar days from the maturity date.

These ING Direct CD rates are current but subject to change without notice.