ING Direct has finally increased its ING Direct CD rates.  While these are not the best cd rates in the United States, ING CDs are now at least competitive.  This article will discuss the ING DIrect CD rates on its 6 month CD, 12 month CD and 18 month CD.

The ING Direct 6 month CD now has an APY of 3.75%.  If you have an ING Orange account or an ING Electric Orange account, buying a ING Direct 6 month CD is a great way to get an additional .75% APY without having to tie up your money for a long time.

The ING 12 month CD and ING 18 month CD both have a 4% APY.  4% is not one of the best cd rate we have seen for 12 and 18 month CDs, but if you are an ING Direct online banking customer, these rates might be appealing.

You should know that all of ING Direct CDs have a minimum balance of $1 to open.  This is a huge advantage of ING Direct CDs.  Most online banks require at least a minimum balance of $1,000 for purchasing a CD.