kaupthing edge->ingdirect : how to select option 1 bonus interest?

bods

It's on http://www.ingdirect.co.uk/kaupthingedge.asp, and should be in the letter they sent you - all the fixed rates will be honoured.

nzseries1

Broadback wrote: »

A suplimentary question. I assume that if you opt that does not also apply to any fixed rate savings you have transferred from Kaup? Nowhere can I find this stated.

Neither option 1 nor option 2 will make any difference to your fixed rate savings - those options only apply to the regular savings account. Your fixed rate will remain at what it was before ING took over.

Anon

Does anyone know what the current rate is if you did opt for the bonus, and what the rate is if you didn't. The gif was there when we first logged in (but as we did not realise the significance, ignored it) then wrote a letter to them accepting, but never acknowledged (and received a few letters notifying of rate reduction), therefore not sure what the rate is now?

Many thanks

Anon

D1zzy

AER = Whatever their current varuable rate is ( if their web site was working I'd check) + 2.02 - but remember its only for 6 months so you only get half-ish

ING is now half alive again - their current variable rate is 1% so the Kaupthing option is 3.02%

a.george

I would like to offer a word of warning to Ex-Kaupthing Edge Term Account holders. Yes, they have undertaken to honour the rates of interest offered by Kaupthing but if you are a non-tax payer and assume Ing will have recorded knowledge of your R85 registered with Kaupthing, think again. Even though they are paying gross on your direct savings account, they are likely to deduct tax on maturity of your Fixed Rate account unless you specifically inform them of your status - thus putting your money out of reach - and not earning (for you) - until you recover it from the tax-man.