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ING Direct is cranking up the volume of their Orange CD rates

September 24, 2010 by KChie 2 Comments

That’s the message of the email I received today from ING Direct, an online bank that I’ve banked with since 2004.

I thought since the recession is over and all that, excellent, CD rates finally worth emailing about.  So what was the big reveal?

12 month CD at 1.25% APY

One Point Two Five Percent Ehhhh Peeee Yyyy

Are these guys serious?  Their current savings account APY is 1.10%.  Why would I want to lock in my money for a year at 1.25%?  How is that even a crank-up?

Dear ING the recession is over.  Please bring back savings and CD APY rates upwards of 4-5%. 

Thank you!

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Comments

  1. Sungliedong says

    October 3, 2010 at 11:37 PM

    Are you still a 20 something year old muser?

    Reply
  2. KChie says

    October 12, 2010 at 3:31 AM

    yup! see post from 10/11/10

    Reply

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THE PURPLE MANGO PANDEMONIUM

A lover of mangoes. A woman - smart, without pretense, lefthanded, Afropolitan - navigating this thing called life. An unapologetic believer in social justice and karma. Choosing to radiate positive energy and be true to myself. Here, my musings.
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