ING Direct, backed by ING (NYSE:ING), is a global financial institution which was originally established in Holland. They now operate in 50 countries and have roughly 85 million private, corporate and institutional clients. Their global reach is fairly broad – of the 130,000 people they employee in the fifty countries in which they operate, just 10,000 of those employees are from the US, however they have been operating in the United States for roughly 100 years.
Earlier this year we were covering the rather atrocious CD rates offered by the largest banks in the country and after being reminded of ING Direct’s savings products from their fourth of July promotions, we thought we’d quickly highlight ING’s CD rates in 2011. While at first glance you’ll probably deem these deposit rates to be rather terrible (which they are) but keep in mind the overall market for FDIC insured savings accounts and bank CD’s throughout the course of 2011 has been a rather abysmal. And to make matters worse, savings rates are expected to remain in their slump for the foreseeable future (and probably the remainder of 2011).
2011 CD Rates offered through ING Direct:
(Rates accurate as of July 2011. Visit our CD rates center for top rates from around the country.)
- ING Direct’s 6 month CD yielding 0.75% APY
- ING Direct’s 9 month CD yielding 0.75% APY
- ING Direct’s 12 month CD yielding 0.75% APY
- ING Direct’s 18 month CD yielding 0.75% APY
- ING Direct’s 24 month CD yielding 1.00% APY
- ING Direct’s 30 month CD yielding 1.25% APY
- ING Direct’s 36 month CD yielding 1.25% APY
- ING Direct’s 48 month CD yielding 1.25% APY
- ING Direct’s 60 month CD yielding 1.50% APY
To put the above annual percentage yields in perspective, the current national average for 6 month CDs, 1 year CDs and 3 year CDs is 0.56% APY, 0.90% APY and 1.35% APY, respectively.
You may open a ING Direct CD either over the phone, through the mail or on their website.