Ing direct?

rent_and_buy

A friend of mine currently has about 65000 pound to put in a savings account i looked at this ING account and i worked out if the interest is 2.75% he will get about 148 pound a month is this correct?

also he his protected by the dutch fsa which is up to 77000 pounds, so will his money be saf in this account?

He needs to use a instant savings account so he can withdraw at anytime, this one looks the best what do you people think and know about ING?

Steve_xx

rent_and_buy wrote: »

A friend of mine currently has about 65000 pound to put in a savings account i looked at this ING account and i worked out if the interest is 2.75% he will get about 148 pound a month is this correct?

also he his protected by the dutch fsa which is up to 77000 pounds, so will his money be saf in this account?

He needs to use a instant savings account so he can withdraw at anytime, this one looks the best what do you people think and know about ING?

After tax at 20% it would earn around £119 a month.

I would suggest Natwests e-ISA for £3600 of it, or £5100 of it if he's over age 50 before October. That account earns 3.25% tax free. Although you say he needs to dip in and out I'm kind of assuming that does not necessarily want to dip in and take it all out in one go?

rent_and_buy

cheers mate, i thought that was the case, are they a good bank?

Steve_xx

rent_and_buy wrote: »

cheers mate, i thought that was the case, are they a good bank?

Which one, ING or Natwest?

ING are ok it seems. Natwest have had their moments recently, being part of Royal Bank of Scotland.

socrates

rent_and_buy wrote: »

A friend of mine currently has about 65000 pound to put in a savings account i looked at this ING account and i worked out if the interest is 2.75% he will get about 148 pound a month is this correct?

also he his protected by the dutch fsa which is up to 77000 pounds, so will his money be saf in this account?

He needs to use a instant savings account so he can withdraw at anytime, this one looks the best what do you people think and know about ING?

What a coincidence.....

http://forums.moneysavingexpert.com/showthread.html?t=1596715&highlight=

rent_and_buy

socrates wrote: »

What a coincidence.....

http://forums.moneysavingexpert.com/showthread.html?t=1596715&highlight=

thanks for the answers, hows your tennants? Had any problems, i am a member of the landlord forum you know, and your name pops up quite a bit, you sound a great landlord.:cool:

socrates

rent_and_buy wrote: »

thanks for the answers, hows your tennants? Had any problems, i am a member of the landlord forum you know, and your name pops up quite a bit, you sound a great landlord.:cool:

Why would you join a LL association if you are not renting anything out to tenants?

Perhaps you got 'confused' and joined the wrong forums?

rent_and_buy

Steve_xx wrote: »

Which one, ING or Natwest?

ING are ok it seems. Natwest have had their moments recently, being part of Royal Bank of Scotland.

Cheers steve i will take a look at that, whether i was assking for myself is of no concern, i am still gratefull to steve for giving me the answers to my post.

I think i will put some in a isa, im going to take a look now cheers again.

rent_and_buy

socrates wrote: »

Why would you join a LL association if you are not renting anything out to tenants?

Perhaps you got 'confused' and joined the wrong forums?

planning for the future, but that really is no concern of yours really is it?

you been on here all day again?

socrates

rent_and_buy wrote: »

planning for the future, but that really is no concern of yours really is it?

you been on here all day again?

Do not worry yourself about that - remember I bought my portfolio a long time ago, when prices were very low and lets not get onto the Company I sold 3 years ago....

One of us was put on redundancy warning - I wonder who it was.....

rent_and_buy

socrates wrote: »

Do not worry yourself about that - remember I bought my portfolio a long time ago, when prices were very low and lets not get onto the Company I sold 3 years ago....

One of us was put on redundancy warning - I wonder who it was.....

what your 600,000 potfolio, how many !!!!!! hole flats have you got for that much, flats are falling on there bottoms, having said that i have noticed you target tennants that are on benefits, so i bet your portfolio is cracking.:rolleyes:

They will be leaving your flats for better quality ones, read the news theres loads of them about, and they are really cheap.

waltham forest ring a bell?? tenant not paying and making your blood boil?

seeya