ING Group, the Dutch based parent company of ING Direct, announced this past week that it intends to scale back its US operations by 2013, stating that it would like to instead focus primarily on its European market.  This US sell-off is part of a restructuring plan by ING that it hopes will allow it to start to pay back the billions of euros in government assistance that it has received.
ING Direct

Capital One Direct has posted some big increases in its longer term CDs today, including the biggest jump, from 1.50% to 2.95% in its 48 month term CD. Other term CD that experienced a rate increase were the 18 to 36 month CDs, as well as the 84 month CD.