ING/Kaupthing Offer - What did you choose?

atypical

BR+0.3% option as I already have an account paying >3%.

ING seemed to want people to accept the 6 month bonus. Perhaps they are afraid that the BoE will ramp up the base rate should inflation get out of hand, what with experimenting with quantitative easing and all?

Or/and they prefer having a fixed 'cost' now rather than an unpredictable one spanning years.

withnell

In a year or so base rates are going to rise, but there won't be the same icelandic influence to push market rates to above the BR long term - so ING don't want to be stuck with a guarantee that could cost them thousands

bjorn_again

nzseries1 wrote: »

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

Put more money into the accounts to take advantage of the rate.:T

bjorn_again

john_s wrote: »

Neither, they're not FSCS protected.

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

If you are sure the Dutch scheme is perfectly good, it is illogical not to take advantage of a guarantee that is now almost double that offered by the FSCS

bjorn_again

lectureral wrote: »

Maybe he was going for bumped?

No - I meant lumped.

malik999

bjorn_again wrote: »

No - I meant lumped.

...but should have used bumped

mime20

I transfered mine to my Egg account - having had an account with Icesave I don't want to have an account which isn't FSCS regulated again.

gldkg

I think I took the bonus, but I'm not entirely sure and I can't find any mention on the internet banking. How can I check what rate I am getting?

max11

john_s wrote: »

Neither, they're not FSCS protected.

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

Duch scheme protects until €100k

john_s_2

max11 wrote: »

Duch scheme protects until €100k

Yup, I know that. But it's not British. Call me Mr Picky but if my bank goes to the wall I'd prefer to deal with British authorities. I wouldn't have touched KE if it hadn't been protected by the FSCS.