Ing

bjorn_again

barak wrote: »

True, but you can become a "New customer" a few days after you close any existing accounts.

It is a very simple process. I also find ING excellent on customer service and efficiency.
Looking around, most other Banks do exactly the same with a bonus rate which lasts a year, to entice people in. I came in from KE and was very pleased to do so at the time.

home_alone

My instant access account ends end of jan 10 and I was thinking of ing but I see that the 3.2% is withdrawn as of 14/11/09.
(from moneyfacts)
SAVINGS ACCOUNT (new customers) paying 3.16% will be withdrawn w.e.f. 14.11.09, standard rate paying 0.50% will still be available.

I think I can get better than 0.50%

gary

noh

home_alone wrote: »

My instant access account ends end of jan 10 and I was thinking of ing but I see that the 3.2% is withdrawn as of 14/11/09.
(from moneyfacts)
SAVINGS ACCOUNT (new customers) paying 3.16% will be withdrawn w.e.f. 14.11.09, standard rate paying 0.50% will still be available.

I think I can get better than 0.50%

gary

Open it today with £1 and it will be available for the deposit of more funds when you receive them.
If there are better rates available at end of Jan 2010 then just don't use the ING account.

alared

ING Direct are NOT covered by the FSA in the event of a collapse.

D1zzy

noh wrote: »

Open it today with £1 and it will be available for the deposit of more funds when you receive them.
If there are better rates available at end of Jan 2010 then just don't use the ING account.

Thanks for that -just opened mine. - Currently have an EGG 3.25% for dumping "spare cash" - but good to have this as a fixed rate if EGG drop their rate.

noh

Yes Iv'e got the egg one too at 3.25%. Even if they keep the rate the same it will finish after 12 months which is next August for me.
So opening the ING one gives me another couple of months after that at a similar rate. If there are better rates around then I will take advantage of those.

bjorn_again

alared wrote: »

ING Direct are NOT covered by the FSA in the event of a collapse.

Correct they are covered by the Dutch Government to 100,000 Euro. And anyone who says they don't trust the Dutch Government, surely belongs to the "w*gs begin at Calais" brigade.

alared

bjorn_again wrote: »

Correct they are covered by the Dutch Government to 100,000 Euro. And anyone who says they don't trust the Dutch Government, surely belongs to the "w*gs begin at Calais" brigade.

It`s not a question of trusting the Dutch government, more the hassle and time plus lost of interest if ING went pearshaped.

Maybe you`d like to explain how a private individual would go about retrieving their hard earned in the event of a collapse.

After the Icesave fiasco,I would have thought that lessons had been learned.

noh

alared wrote: »

It`s not a question of trusting the Dutch government, more the hassle and time plus lost of interest if ING went pearshaped.

Maybe you`d like to explain how a private individual would go about retrieving their hard earned in the event of a collapse.

After the Icesave fiasco,I would have thought that lessons had been learned.

To find out information on the Dutch Deposit Guarantee Scheme read the details, in english, on their website here :-

http://www.dnb.nl/openboek/extern/id/en/all/41-117052.html

bjorn_again

alared wrote: »

It`s not a question of trusting the Dutch government, more the hassle and time plus lost of interest if ING went pearshaped.

Maybe you`d like to explain how a private individual would go about retrieving their hard earned in the event of a collapse.

After the Icesave fiasco,I would have thought that lessons had been learned.

A couple of issues here.
1. With no historical precedent of claimimg against the Dutch Government, it is fatuous to suggest that their compensation scheme would be more hassle, take longer to complete and result in greater loss of interest, than the FSCS.
2. Noh has already posted a link to the web site showing how the scheme works.
3. To compare Iceland to an EU member state and a member of the Eurozone does not stand scrutiny.
4. The only serious lesson to be learned from the "Icesave fiasco" is don't invest in Iceland again.
5. ING is not going to go t*ts-up. EU leaders have already stated that no major Euro institution will be allowed to fail, plus the fact that it is like Santander, too big to be allowed to go to the wall.