Capital One purchasing ING and its effect on CD Rates

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Capital One purchasing ING and its effect on CD rates are still yet to be determined for the American consumer and its effects on the investing of money in this conservative manner. With this acquisition still needing approval of both the US and Dutch governments, it is not a done deal.

Since this will only make Capital One the number 5 financial institution in the nation, the US government is not excepted to stop it. On the other side of the Atlantic, the European Commission made the sale of this financial branch of ING part of its agreement to bail them out during the recent financial crisis their approval is assured.

The current bank CD rates from ING include the 6 to 18 month CD that is earning an APY of 0.75%. The 2 year CD that is earning an APY of 1.00%. The 30 month CD that is earning an APY of 1.25%. The 3 year CD that is earning an APY of 1.25%. The 4 year CD that is earning an APY of 1.25%. The best CD rates are from the 5 year CD that is earning an APY of 1.50%.

The current certificates of deposit rates from Capital One include the 6 month CD that is earning an APY of 0.25%. The 1 year CD is earning an APY of 0.30%. The 18 month CD that is earning an APY of 0.40%. The 2 year CD is earning an APY of 0.65%.

The 30 month CD that is earning an APY of 0.65%. The 3 year CD is earning an APY of 1.01%. The 4 year CD is earning an APY of 1.25%. The 5 year CD is earning an APY of 1.75%. The 7 year CD is earning an APY of 2.30%. The Best CD rates are from the 10 year CD that is earning an APY of 3.00%.

This shows the short term CD rates are best from ING while the longer term rates are better from Capital One. How the Capital One purchasing ING and its effect on CD Rates is still not known, but the merger of the two could be beneficial to the customers if they take the best of both institutions.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name.  Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.

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