ING Direct 12 Month CD Rates Increase
During the past 4 months, ING Direct 12 Month CD rates increase has surpassed the national average for a 12 month CD as a return on investment.
Since July the national average for a 12 month CD has steadily gone down from just below 1.60% to 1.35% in the beginning of October. During that same period ING Direct 12 month CD rates have risen from 1.50% to the current level of 2.10%.
This is not the top rate nationally but it is the most realistic rate. The top rate is only 0.15% more but it requires a minimum of $25,000 deposit. The ING CD has no minimum. This allows any investor with any amount to get this great rate. This will serve a larger portion of the population better than the national high rate which is out of reach of most because of the deposit requirements.
This once again proves that the best rate does not always mean it is the right CD to purchase. By doing this it shows that some financial establishments are finally becoming responsible to the public. For the other unnamed financial establishments, greed has a firm grip on the control of their companies. This greed has already caused one major worldwide recession; do not let them keep the world down.
Remember those that took the world economies into a recession along with the companies like ING that are trying to pull us out with the ING Direct 12 Month CD rates increase. Remember the past, or history will repeat itself.
Related posts:
- Dollar Savings Direct CD Rates
- ING Direct Value Added CD
- Ally Bank 11 Month No Penalty CD Rate Increase (1.38% APY)
- Certificate of Deposit Rates Keep Falling
- ING Direct Best CD Rates
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