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ING Account now 4.75% AER

We are writing to inform you that as of 1 August the ING Direct savings rate will be 4.75% AER*. Over the past few months the overall trend in savings rates has been down and in response many of our competitors have already reduced their rates. We have held our rate for as long as possible, however this continuing downward trend now requires us to act.

This still represents a very competitive figure in the marketplace and applies to all ING Direct customers regardless of the balance they hold.

We remain committed to providing a consistently good rate to our customers and are proud of the open and honest approach we bring to the savings market, with a straightforward savings account with no hassle or catches.

Joe

Reply to
Joe Hunt
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Yes we know,,but can it be bettered? recommendation please...

Remove antispam and add 670 after bra to email

Be a good Global citizen-CONSUME>CONFORM>OBEY

Circumcision- A crime and an abuse.

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Reply to
tarquinlinbin

This is bollox..... rates are still at 5% as of 17:30 25/07/05>

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Reply to
biggirlsblouse

Probably because 1 August begins at 00:00 01/08/05 ?

Reply to
Vadim Borshchev

Which part of "as of 1 August" did you not understand?

Reply to
Ronald Raygun

X-No-Archive: yes In message , tarquinlinbin writes

I, too, received this email plus a genuine one from ING's CE with the same wording. Odd.

Reply to
JF

In message , tarquinlinbin wrote

Featured on BBC Radio 4 Money Box program a few weeks ago Indian bank new to the UK but regulated in the UK. It appears to be the same type of set-up as ING for their Internet savings. From memory, their aim is 0.5 billion of savings by the end of the year

I signed up and am not to impressed so far by the length of time taken to process my £1 cheque to open the account. As far as I'm aware they haven't had official launch yet so perhaps many of their new staff are still in training? Maybe the publicity on Radio 4 resulted in too many customers too soon - much the same happened when ING started.

Reply to
Alan

In message , Alan wrote

Reply to
Alan

It's been suggested that the reason the interest rate has been lowered now is so they can lower it again if/when the bank of england's interest rate goes down, as it's expected to next time. I'm sticking with my

5.65% Cahoot account (they've just emailed stating they're not going to change it).
Reply to
Alex

Nationwide esavings?

Reply to
Jonathan Bryce

It will be interesting to see how much they reduce their rates by if the Bank of England does start lowering rates. When the BoE had a rapid series of rate rises in 0.25% steps during the first half of last year, ING never raised their's by as much as the BoE. With falling rates I wonder if they will now match the BoE reduction? They've already got a 0.25% head start even before the BoE rate has started moving at all.

Chris

Reply to
Chris Blunt

Do they have their call centre in Yorkshire? :-)

Reply to
rob.

Bollox or bollocks?

Lu

biggirlsblouse wrote:

Reply to
Luap

Nah, too many complaints about not being able understand what they're saying....

Reply to
DaveJ

I take that all back!.... I have an account with ING and I never received an email from them, but I notice the website says the new rate of 4.75% from

1st August>>
Reply to
biggirlsblouse

"tarquinlinbin" wrote

ICICI still pays 5.4%.

Reply to
John Redman

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