ING Direct just launched a new CD promotion called The Added Value CD with a yield of 5.25% APY for a 9 and 12 month CD term. The regular Orange CD yield for these terms is 5.15% APY. The Added Value CD requires the funds to be new money, and the minimum deposit is only $1.

While this isn’t necessarily the highest rate available, for those who already have ING Direct savings or checking accounts, this can be beneficial. Everything can be done online from your account to open and close a CD. So for some, the simplicity can make it worthwhile.

ING Direct also offers a high yield savings account with a 4.5% APY. ING Direct is FDIC insured.