ING Direct Value Added CD
The ING Direct Value Added CD is the current promotional rate that is offered by the financial intuition ING. This is just a short lived promotional rate, but it is currently still valid.
The current promotional rate of the Value Added CD is an APY of 2.25% for the 12 month CD. The catch is that the money to fund this CD must not already be in an ING account of any kind. If all of your money and savings is in some sort of ING account then you are not eligible to purchase one. That is for any balance amount that was present as of 10/07/09 in your existing ING accounts. No matter if it is a checking account, savings account or another CD that is maturing.
This rate is current as of 10/15/09 and is subject to change without notice. For investors to know, this is the first week of this offer and depending how successful it is in drawing new money to ING will depend on how long it will last.
All deposits that are made into this account are insured up to $250,000 by the FDIC.
This rate is 0.15% above the standard 12 month CD which is already above the national average. With ING holding over $90 billion dollars in assets, they are already the largest online investment institution in cyber world. Just like McDonalds, the biggest and the largest is not enough.
The ING Direct Value Added CD is the best of the CD Rates available for a 12 month CD.
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- ING Direct Best CD Rates
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- ING Direct 12 Month CD Rates Increase
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