ING new HIGHER rate for new customers

G_M

Currently 3.21% aer on my ING account

Yes but that's not for new customers. You're getting a bonus that's now been reduced.

opened my ING Direct account about 6-8 weeks ago, attracted by a rate offered to 'new customers' - since then they have written to me almost weekly reducing the rate.

Granted everyone's reducing their rates but have you see those tv adverts from the nationwide - 'new customers only' - that's what it's like being a customer of ING Direct.

Every bank is reducing rates - it's cos the BOE keeps reducing base rates. ING is no worse than anyone else. At least the bonus rate you get on opening is guaranteed though!

sabretoothtigger

Lloyds are giving 4% on 6k for anyone who wants
http://forums.moneysavingexpert.com/showthread.html?t=1584399

Steve_xx

sabretoothtigger wrote: »

Lloyds are giving 4% on 6k for anyone who wants
http://forums.moneysavingexpert.com/showthread.html?t=1584399

Yes, but it's a current account and you have to pay in at least £1k per month and the 4% is only available on balances of between £5k and £7k.

Geoffo_M

Steve_xx wrote: »

Yes, but it's a current account and you have to pay in at least £1k per month and the 4% is only available on balances of between £5k and £7k.

Fact is though, you cant get 4% anywhere these days. So its not bad

sabretoothtigger

I get 4% from egg money, pure luck I have that card since I never use it normally, they raised the loan rates on me just in case I do but the 4% is still there afaik

Ive seen 4% in a few different restrictive offers, one of them hopefully is available to you

Steve_xx

Geoffo_M wrote: »

Fact is though, you cant get 4% anywhere these days. So its not bad

You could move your current account to Alliance & Leicester and get £100 for doing so, equivalent to 20%, tax free on the minimum you have to put in there per month, ie £500. You earn a further 0.50% interest on balances upto £2500. You would also get free multi trip european travel insurance.

There several regular save type accoounts paying 6% and some paying 4%.