Check out the latest CD rates at ING Direct… I copied a few of the rates here:

  • 6 mo – 5%
  • 12 mo – 5.25%
  • 24 mo – 5.30%
  • 26 mo – 5.25%
  • 60 mo – 5.25%

So, if you’re shopping for CDs, ING will pay you more to hold your money for 24 months than to hold it for an even longer term. In economic parlance, that’s an inverted yield curve. (You can see a similar inverted curve at VirtualBank where the big winner is the 6 month CD at a 5.55% APY.)

Nevermind that the real bond market is also inverted right now. We can discuss the implications of that in a different post…