This could be a great news for all who are thinking about investing in Certificate of Deposits as ING Direct is now offering a new product named ‘ Added Value Certificate of Deposits’ with higher interest rates  than any other ING Direct’s product and CDs of other  national and regional banks.

If you deposit new money in ING direct and restrain yourself from getting tempted to touch the money for next 12 months, you would be entitled to receive an APY of 2.25% ( as of today). The non added value certificate of deposits by ING direct have an APY of 2.10%.

Hence if you are planning to invest for a short term without risks, this could be your ideal option.