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Let's all bargain with ING
vigman
Posts: 1,395 Forumite
I suggest all existing savers contact ING and suggest nicely that IF we keep our savings with them, they can give us the same rate as new savers;)
Vigman
Vigman
Any information given in my posts or replies is intended to be of interest and/or help to members of the forum. I cannot guarantee that this is accurate or up to date.
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Whilst it may seem reasonable suggestion, I believe ING has demonstrated by history that this is a non starter
Once my KE money arrives there I shall be looking around for best UK based account [my previous ING money exited a long time ago, as did many millions of others]When an eel bites your bum, that's a Moray0 -
I suggest all existing savers contact ING and suggest nicely that IF we keep our savings with them, they can give us the same rate as new savers;)
Vigman
Why on earth are you still worrying about interest rates ?
Get out of ING.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
Oh Please stop scaremongering!!!!0
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Oh Please stop scaremongering!!!!
I can hardly believe that you are saying that today (assuming it's not just an ironic wind-up)
That's the sort of baloney that people were coming out with when some of us said to get out of the foreign banks a few months ago. Now Icesave has happened, and yet you still call it scaremongering. Please let me know what you are smoking as I might like to try some.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
doesn't anyone think that the fact that ING is rated as one of the lowest risk banks around and is able and willing to take on all these accounts from screwed icelandic banks may be related to the fact that ING has a rep of rubbish savings rates and generally seeming to be a bit selfish when it comes to rewarding its customers?!
I mean at the end of the day - it hasn't done them any harm - at least they are still in business!
Its funny cos that statement they always used to roll out on the "why do you keep dropping rates on existing accounts" questions was "We think customers like the stability of a consistently good [arguable!] paying savings account.". That now seems to ring truer than it used to!0 -
If we have learned anything over the last few days it's:
Banks with higher rates are more desperate for our cash which indicates they are low on reserves.
Higher rates = Higher Risk
Of course that's not valid in all cases but it is worth taking into consideration as we more into more unstable times.0 -
There's absolutely no reasonable basis for getting out of ING. They are obviously big enough and well organised enough to handle the savings for defaulting banks. Their 77K (GBP) safe limit has to have some validity and surely the only reason they would go under now would be due to baseless rumours suggesting it is best to pull money out>>
VigmanAny information given in my posts or replies is intended to be of interest and/or help to members of the forum. I cannot guarantee that this is accurate or up to date.0 -
GeorgeHowell wrote: »Why on earth are you still worrying about interest rates ?
Because in a few days, or weeks when the panic and hysteria have died down that will still be the only reason (again) for having savings with different banks!
VigmanAny information given in my posts or replies is intended to be of interest and/or help to members of the forum. I cannot guarantee that this is accurate or up to date.0 -
BTW why all the aggression towards ING (with more than 1 trillion GBP behind them) but not towards Santander???
VigmanAny information given in my posts or replies is intended to be of interest and/or help to members of the forum. I cannot guarantee that this is accurate or up to date.0 -
GeorgeHowell wrote: »I can hardly believe that you are saying that today (assuming it's not just an ironic wind-up)
That's the sort of baloney that people were coming out with when some of us said to get out of the foreign banks a few months ago. Now Icesave has happened, and yet you still call it scaremongering. Please let me know what you are smoking as I might like to try some.
You really do talk some bullsxxx.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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