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Are ING savings protected by the govt backed guarantee....

ohreally
ohreally Posts: 7,525 Forumite
1,000 Posts Combo Breaker
in Savings & investments
Ask above, i ask on behalf of a pensioner who needs to move some money between accounts and needs reassured.
Don’t be a can’t, be a can.
«1

Comments

  • pmorrison_2
    pmorrison_2 Posts: 257 Forumite
    As far as I know they are covered by the Dutch passport scheme, up to €100k. So if a claim was needed it would have to be through the Dutch compensation scheme
  • ohreally
    ohreally Posts: 7,525 Forumite
    1,000 Posts Combo Breaker
    Thanks. I don't think they will be reassured by that though.
    Don’t be a can’t, be a can.
  • pmorrison_2
    pmorrison_2 Posts: 257 Forumite
    Having been caught up in the Icesave problems I wouldnt recommend it either. Best to keep the money in the banks fully covered by the FSCS. Have a look at this article on safe savings for more info.
  • SeanW
    SeanW Posts: 322 Forumite
    The Dutch compensation scheme is currently 100 000 EURO not £100 000.
  • Bieffe
    Bieffe Posts: 3 Newbie
    Part of the Furniture Combo Breaker
    I have to agree. After the IceSave fiasco, (and I'm still waiting for my second email, and a chance to see my missing ££ again), and the current GLOBAL money nervousness, perhaps now is not the time to be having accounts abroad. Perhaps better to take smaller, safer, interest in a UK account, for the next year or two.
  • captainkevos
    captainkevos Posts: 45 Forumite
    SeanW wrote: »
    The Dutch compensation scheme is currently 100 000 EURO not £100 000.

    That's what pmorrisson already wrote. They used a € (Euro) symbol not a £ ;)
  • ohreally
    ohreally Posts: 7,525 Forumite
    1,000 Posts Combo Breaker
    Bieffe wrote: »
    Perhaps better to take smaller, safer, interest in a UK account, for the next year or two.

    I've suggested this however the rates being offered are derisory and a decent return is needed for pension top-up.
    Don’t be a can’t, be a can.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    SeanW wrote: »
    The Dutch compensation scheme is currently 100 000 EURO not £100 000.
    ...but how long before we have parity? ;)
  • Baldur
    Baldur Posts: 6,565 Forumite
    ohreally wrote: »
    I've suggested this however the rates being offered are derisory and a decent return is needed for pension top-up.
    Unfortunately, higher returns are likely to involve greater risks in the current climate.
  • gozomark
    gozomark Posts: 2,069 Forumite
    Baldur wrote: »
    Unfortunately, higher returns are likely to involve greater risks in the current climate.


    higher returns are likely to involve greater risks in any climate....
This discussion has been closed.
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