ING/Kaupthing Offer - What did you choose?

pixel

If you're a former Kaupthing Edge customer who was offered ING's 6 month bonus option or to keep their existing variable rate + 0.3% account options, then this one is for you.

I thought it might be interesting to see which option everyone went for and why...

bjorn_again

pixel wrote: »

If you're a former Kaupthing Edge customer who was offered ING's 6 month bonus option or to keep their existing variable rate + 0.3% account options, then this one is for you.

I thought it might be interesting to see which option everyone went for and why...

We went for the bonus option and lumped up the accounts a bit.

john_s_2

Neither, they're not FSCS protected.

(I'm sure the Dutch scheme is perfectly good but I just want to keep it simple.)

brewerdave

Stuck with existing (guaranteed to be at least base rate plus 0.3% until 2011) - haven't got much in the account - only have it as it was required when I took out 3 different fixed rate (7%+) deals with Kaupthing in the Summer - the amount I would gain by switching my easily available cash across for 6 months wasn't worth the hassle.

nzseries1

I chose the BR+0.3% option.
My reasoning is... I have other savings accounts that pay 3%+ (Tesco), but I don't have any other accounts with a base rate guarantee.

antispam246

nzseries1 wrote: »

I chose the BR+0.3% option.
My reasoning is... I have other savings accounts that pay 3%+ (Tesco), but I don't have any other accounts with a base rate guarantee.

Chose this option also, as I had already opened an ING account prior to this so had the other offer. Moving everything (except £1) from old KE to first ING.

nzseries1

bjorn_again wrote: »

We went for the bonus option and lumped up the accounts a bit.

May I please ask... what does lumped up mean?

lectureral

Maybe he was going for bumped?

Megalomaniac

BOE +0.3% - I have 6.3% fixed with Egg til November so would be pointless going for the short term 6 month option as I wouldn't use it.

skitskut

pixel wrote: »

If you're a former Kaupthing Edge customer who was offered ING's 6 month bonus option or to keep their existing variable rate + 0.3% account options, then this one is for you.

I thought it might be interesting to see which option everyone went for and why...

I chose the 6 months option - but won't make use of it until July. +0.3% above BoE rate is too small to take any notice of.

Anyone know if the 6 months starts from when you accepted the offer or from a fixed date?

cos69

We have 2 accounts so went for both options.

Moved cash to the 6-month bonus option, was then 4% and will move over to the other account paying the variable rate + 0.3% should that pay a better rate.