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EXCLUSIVE - New ING 7% Account Coming Soon.!
Shinds
Posts: 449 Forumite
Hello peeps,
I have been given this info from an inside source
ING is likely to soon launch a new savings account with a 7% Interest rate.
However there is likely to be a clause - It maybe something along the lines of leaving the money in the account for a certain period of time (i.e. 18 months) or Interest will be paid after a certain period of time...
I have been given this info from an inside source
ING is likely to soon launch a new savings account with a 7% Interest rate.
However there is likely to be a clause - It maybe something along the lines of leaving the money in the account for a certain period of time (i.e. 18 months) or Interest will be paid after a certain period of time...
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Comments
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Thank you. I will keep an eye out! The quickest way to double your money is to fold it in half and put it back in your pocket. :rolleyes:0
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Perhaps it is a regular savings account?0
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The Halifax regular saver pays 7% so maybe it's to match that?!2p off is still 2p off!0
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I wonder if if will be for new customers only. I'd hung on to my 5% account with Ing and have been using it as a staging post between the old Egg at 5.5% and the new Alliance & Leicester at 5.35%, whilst the new account was being set up. You never know when to close accounts and when to keep them open!0
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If ING do a 7% account and they pay monthly i will definately not renew my Halifax one when it matures.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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It will be great news if ING Direct do launch a 7% account. :j
If they don't, then the new 6.75% regular saver launched by the Principality Building Society this week may be worth a look. They allow you to deposit from £20 up to a maximum £500 per month
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I've created a thread on this account, here is the link to it: http://forums.moneysavingexpert.com/showthread.html?t=52749Please call me 'Kazza'.0 -
I had a leaflet from a company yesterday offering me a loan for 5.8% apr.
Would it be a goer to borrow a large sum and then put it into this savings acccount?
If it happens.
I realise that you will have to be able to afford the monthly repayments on the loan.Waddle you do eh?0 -
Thanks for that.:T Hail Hail :T0
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from_suffolk wrote:I had a leaflet from a company yesterday offering me a loan for 5.8% apr.
Would it be a goer to borrow a large sum and then put it into this savings acccount?
If it happens.
I realise that you will have to be able to afford the monthly repayments on the loan.
7% gross is 5.6% net for basic rate taxpayers and only 4.2% net for higher rate taxpayers.
So only profitable if you are a non taxpayer.
Which would imply a low income ........
Which would imply a small loan (Lloyds TSB please note ) ........
So only a small profit.0
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