ING Direct websaver 6.6%

pressuredrop_2

elektra wrote: »

To qualify for the bonus it has to be 'new' money from external source. This is what they quoted me on phone yesterday.

Tell me you're not serious.

elektra

pressuredrop wrote: »

Tell me you're not serious.

What do you mean ? If my use of the word 'new' - I agree not a useful word to use - they just said money from an external account.

pressuredrop_2

elektra wrote: »

What do you mean ?

You're joking that only non-ING money qualifies for the Web Saver bonus rate?

shown73

I get the same screen as Milarky, and to me that means that the additional money I deposited via my Direct account is receiving the bonus rate until March. I don't know how it could be interpreted any other way, and the little interest paid until the end of Sept would seem to confirm this. I only deposited towards the end of Sept., so it's not conclusive, perhaps, but I'm quietly confident. This was, of course, the money that I had liberated from Icesave, having seen the writing on the wall. Well, it was plain enough, you would think, for anyone keeping an eye on their wedge. Fooled some though, didn't it!

dougz_2

Milarky wrote:

ING Direct Web Saver Account-XXXXXXXX

Bonus interest rate of 6.41 % on balances over £ 0.04 until 02-Mar-2009
Current variable interest rate of 4.89 % on balances up to and including £ 0.04
Interest earned during calendar year (£): 0.01
Tied Savings Account: YYYYYYYY

Sounds like another sign that the 6.6% AER is fixed until March?

theheartdoctor

Can anyone please explain why the AER is 6.6% but the gross interest is 6.41%?? I just can't understand this!

Baldur

theheartdoctor wrote: »

Can anyone please explain why the AER is 6.6% but the gross interest is 6.41%?? I just can't understand this!

See http://www.moneysavingexpert.com/banking/interest-rates#AER

violetta

I interpreted my invitation bumpf as specifically saying that money could also be moved in from the Direct Saver account to qualify, and anything over my balance amount in the Web Saver on 2nd September qualified, so I'll be miffed if it doesn't. I read the whole thing carefully to make sure there was no mention of existing ING money being exempt. I kept the literature so I'll check again this evening.

Milarky

The rate has probably gone done by 0.5% today. Rates on the standard ING account have according to emoneyfacts but they didn't mention the Websaver (with or without bonus) as this is a 'non-marketed' account (you can'y open one..)

violetta

violetta wrote: »

I kept the literature so I'll check again this evening.

Bumpf says: "Transferring money into a Web Saver is easy. You can now put savings directly into your Web Saver using either a bank transfer or cheque. Simply make sure that you clearly state your Web Saver account number when instructing either payment. Alternatively you can move savings through your ING Direct Savings Account."

Nowhere does it say that existing money moved from the Direct Savings Account does not count. It just says "any savings you put into your Web Saver over the amount you held on 2 September 2008, will earn the bonus rate until 2 March 2009"