ING Direct .. Can we trust Dutch Deposit Protection scheme

f_@_w_y

well.. thanks for all your replies..... I believe the same.... It will be easy to deal with FSCS as compared to foreign schemes.....

st

look at capitalone savings easy access good rate and more important FSCS backed -I was with icesave and have opened an account with capital one

newsaver2008

I have all my money outside the UK now because I LIVE outside the UK - in Turkey. I think really the only justification for having one's money outside the country is if one is resident in that country. I never would have done it otherwise.

Primrose

As an ex Icesaver, I wouldn't opt for an overseas bank again. Luckily the UK compsation scheme worked well. Nobody knows how a Dutch compensation scheme would work if one of their bank failed.

newsaver2008

My brother and his wife were ex Icesavers and they recently got their money back. I was (and still am as am locked into a Fixed Bond which matures Feb 2009) with B & B and had just 3 weeks to go to pay the completion monies on a house when they nearly went down. It's been awful, all round.
I live in Turkey now where they had a banking crash in 2005 but have supposedly learned from that. I am keeping all my savings in Turkey for the simple reason I live there and need my money there. I will fix as much of it as possible into Government bonds though.
ING have a Turkish branch which pays good interest rates but I prefer to stay with HSBC as I have been with them for years and have an account with them in Turkey and in the UK. I have a sterling account but don't put anything in it because the sterling has such low interest rates now it seems pointless.

ed123_2

...put it a nice British bank like HBOS or RBS who were within days of collapse & had to be bailed out by Darling or perhaps B&B, A&l, Chershire & Derbyshire etc etc

cos69

ed123 wrote: »

...put it a nice British bank like HBOS or RBS who were within days of collapse & had to be bailed out by Darling or perhaps B&B, A&l, Chershire & Derbyshire etc etc

The important point is - they were bailed out by Darling, none of those institutions lost savers any money