Considering switching from ING

eeetee

Hi, well i have taken a back seat with all the Icelandic banking fiasco, thought it would be best to let the dust settle. Now I have a bit of time I am considering what to do with the money that was with KE, now ING.

The rate has dropped to 4.55 aer, a big drop from what I opened with.

So I am wondering whether to cut my losses and switch. Does the INg have the base rate guarantee, as KE did (which is what attracted me to it). Is it likely to drop further. I just think at this moment that it isn't very competitive, although I am not sure what other rates are out there atm.

I am not after a super high gready rate, just a place that i can put the money away and not have to worry that the rate keeps on dropping.

Any advice appreciated and thanks for reading :-)

Baldur

eeetee wrote: »

I am not after a super high gready rate, just a place that i can put the money away and not have to worry that the rate keeps on dropping.

The only way that you'll guarantee that is via fixed-rate offerings and those are becoming scarce, following the recent BoE rate cuts.

LucyTheDwarf

http://www.thisismoney.co.uk/saving-and-banking/article.html?in_article_id=429315&in_page_id=7

The article is a bit out of date, but try researching the accounts it mentions. These are the most consistent accounts for last year, judging by their rates over the previous 3 years. You wont find a table topping rate - but you might find an account which will have a respectable rate for the foreseeable future.