Shopping for High Yield Savings Accounts with ING DIRECT at 1.5% APY

High Yield CD offers this week are terrible, but what did catch the Masters attention was this high yield savings account offer from ING DIRECT at 1.5% APY with a no minimum balance.   The usual FDIC backing is offered on the accounts up to $250K.

Here is the link to ING DIRECT's 1.5% APY Savings Account - Click Here. 

Cut & Pasted from their site -- Earn a variable 1.50% Annual Percentage Yield (effective 03/21/2009). Open an Orange Savings Account today.

The Orange Savings Account

• High Interest, No Fees, No Minimums - Everyone earns the same high interest. And no one pays a fee.
• No Changing Banks - It electronically links to your current checking account. Transfers are free and easy.
• FDIC Insured - Your deposits are FDIC–insured up to $250,000 per depositor.
• Quick Application - Start saving in less than 5 minutes. Giddie up.

If you aren't impressed by ING DIRECT's offer, check out our sponsors for the most current CD deals (or ads on left margin):

As usual the Masters are always on the hunt for CD bargains, and when we find one that is worth your attention, or is so bad we have to make fun of it, you can bet we are all over it.

Investing in High Yield CDs (Certificates of Deposit) may not sound
that exciting, but knowing all your investment options is key to
becoming a successful investor, and in this market, locking your money
away for 3, 6, 9, or 12 Months can provide you peace of mind - Click Here to Review our CD Articles.

Happy Safe Investing.