Are You Leaving It In ING

CHR15

gogsboy wrote: »

Maybe you should have sat tight till the air cleared instead of adding to the panic merchant backlog....

Exactly what I did with Icesave........ now £29K in limbo with still no 100% confidence I will get it all back.

My KE only had just over £5K in it.... but I want it back.

asd030

I don't think I could remain sane worrying for another 6 months whilst my KE £20K fixed term matures. I will wait a day or two just to check that my final full withdrawal from my savings account has materialised, and if it has will ring up and get this thing closed down.

They don't answer secure messages - I've never had a reply yet. These just sit there after you post them and disappear after a a week or so. When I try to view my latest all I get is:


Microsoft VBScript runtime error '800a0006' Overflow: 'Cint' /listrequests.asp, line 275

What the heck? Not very confidence inspiring is it? I just hate companies that claim to operate entirely online but when you need to do something important like close the account require you to phone them and go through all the lengthy check-in menu process and expense... (Barclaycard are also terrible for this.)

MimiJane

Just wondering how long to give ING to clear the back-log of BACS/CHAPS before I pull the remainder of my money out. Any thoughts anyone?

elbe

Interesting thread. I'm impressed with the way ING have dealt with our KE accounts and my enquiries. I'm happy that my fixed term interest rates will be honoured but as an aside, when I called them yesterday they said that... 'they still weren't sure if they would be treating us as new customers or existing customers'. And as we all know the difference is a large % on the available interest rates. It was also suggested that ING may just babysit our KE accounts rather than integrate them. It was an interesting call and the end result was that I may be better off opening a new account with ING to attract the higher interest rates and work through the confusion that way. I've still got a few thou loose in my KE basic savings account so may use that to open an ING account. I've also considered opening another fixed term with KE if the rate of 7.15% is still good but all in all I reckon it'll be a couple of weeks yet before ING give us a definitive answer.

baby_boomer

The Dutch government is preparing to pump £7bn into ING.

It is said to be strongly capitalised, so this should make improve things.

Sunday Telegraph

Not that we bother about any of this on MSE, as long as there's a government guarantee, we can still play the rate tart game as before.

JayTee99_2

All banks are having their own particular problems, these are VERY trying times!

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=agVF2WlCHu6I

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a4Vkrk5LOlJg

That doesn't mean to panic and all start withdrawing, i'm sure the Dutch government would do what it can, but maybe a good idea to keep an eye on how things develop.

dag_2

I've noticed that new applications to open Kaupthing Edge accounts are no longer being accepted.

For the time being, though, Kaupthing Edge fixed term deposits are still being sold, however, you have to have a Kaupthing Edge easy access savings account in order to buy Kaupthing Edge fixed term deposits. But if you don't have a KE savings account, you can't open one.

I have already tried to withdraw a few thousand; I would try to withdraw more but I'm concerned that you'd lose out on the interest if the withdrawal gets caught up in the transaction backlog.

However, once the backlog has cleared, I will be taking much more of it out, but I don't intend to close the account completely. I intend to spread the savings around a number of accounts with different organisations. For the time being, KE still offers a good interest rates for no-notice accounts, and it's hard to find an account that beats it without charging a penalty for withdrawals.

Mind you, the fact that I'm concerned that any bank might have difficulties means that I'd prefer a savings account which doesn't require you to link a current account.

Pssst

foreverbrassic wrote: »

In the event ING were to collapse and the Dutch govt had difficulties sorting the compo out surely the UK Govt would step in and sort it .... after all it was them that put peoples savings in ING in the first place!

Well i wouldnt be so sure of that. Sure they did it first time around for Landeswank but now that everyone knows the score so to speak, i doubt the UK would bail out another foreign bank. They wouldn't bail our offshore accounts belonging to KSF a lot closer to home than Iceland or Amsterdam.

Remember it is the Dutch Government who are saying that they will not bail out Dutch account holders of Icesave as its up to the Icelandic Governement to do that.

I'm not suggesting that ING are wobbling, I'm very sure they are not,but under the current climate,i want all my money under UK duristiction,fully protected by UK guarantees AND doing my bit to support and strengthen OUR domestic economy to prevent further issues here in the UK.

meanmachine_2

Pssst wrote: »

Remember it is the Dutch Government who are saying that they will not bail out Dutch account holders of Icesave as its up to the Icelandic Governement to do that.

Sorry, I've not read that anywhere. Is there a weblink to a report detailing that the Dutch government has decided NOT to protect its citizens? The last I heard, the Dutch had agreed to lend Iceland the money to pay back its savers everything.

I could be wrong though.

Sebby*

I've withdrawn mine. Regardless of how safe ING are, I don't want to be protected by a foreign government. I've now moved my savings that were in KE to B&B.