ING CD


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ING CD
The ING CDs are available in two options for both the individual and business clients namely, Orange and Business CDs. Both the CDs are insured and guaranteed by FDIC for an amount of upto $250,000 per depositor. Basically, these are offered in 9 options of term duration with a variation of 3 months starting from 6 and 60 months. The former one yields high interest rates and the latter is available with guaranteed returns option which is good for the business. Therefore one can choose from these options which suit most. Besides, they also offer FDIC insured IRAs CD accounts in two options i.e. Traditional and Roth IRA with the same benefits available in other CDs. These CDs accounts can be opened online through the website of the bank. If want to apply online, you can visit the following link. https://banking.ingdirect.com/savings/initial.vm?type=3500 If you are looking for the ING CD ladder, you need to login your account with the customer number or saver id and follow the steps below. Select the “Products & Rates” option on the left side menu. Choose any CD term from the given options. Select single, joint or living trust, etc. The option to open the ladder will be there at the top of the next page. ING CD Rates

The ING CD rates for all the accounts are same but it yields good interest rates. They offer minimum of 0.75% APY on 6 months CD account and a maximum of 1.25% APY on 60 months account. The rates mentioned above are effective from 12/07/2010 (dd/mm/2010), if you want to know more updates about the rate, you can review the website of the bank.

ING CD Calculator

The ING CD calculators are made available online for the convenience of the customers. With these calculators and tools, one can estimate the savings at the time of maturity. In order to use these tools, you don’t need to be a mathematical or accounting expert. The only things you have to do is just provide the information such as your CD amount, deposit date, deposit term, interest rate and compounding frequency. A list of calculators is available on the following web address, if you want to use it, just follow the link.

http://home.ingdirect.com/privacy/privacy.asp?s=CalculatorsWorksheets

For further information about the ING CD promotions and others you can refer the website of the bank as well as the FAQs available there.

Website: http://www.ingdirect.com