Because the Dutch compensation scheme has greater coverage apparently (100k euro).
Bearing in mind the IceSave problem, is this a good thing, or bad for the UK investor?
Oh, and their interest rate has dropped to a miserable 2.75% :-{
The Dutch population is some 50 times larger than Iceland's. That's an important difference. Hopefully.
That seems to be based on the 1.5% drop in base rate. So expect that to fall to 1.75%. ING are pretty good at dropping their rates in accordance with the base rate. Not so good at putting them up.
In message , Bartc wrote
ING has probably got 50 times the number of customers/deposits especially as some of the UK bale outs went directly to ING.
ge
The Dutch economy is somewhat more solid than the Icelandic one, and ING has not been offering silly interest rates, rather the opposite.
Except that the FSCS has so far covered 100% of savings in every bank that has failed so far. Not to say they will continue to do so, of course, and as a result I wouldn't put more than 50k in one place (if i had it), but if they do that makes the FSCS rather better.
Neil
I don't think that's true. Is it not the case that any help which was given was by political moves which operated independently of FSCS, and that no actual FSCS compensation procedures were ever in fact invoked?
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