ING adjusts rate temporarily to 3.25% on Web Saver account for existing customers

Steve_xx

[FONT=Verdana, Arial, Helvetica, sans-serif]There will be a temporary increase to the interest rate on [/FONT][FONT=Verdana, Arial, Helvetica, sans-serif]additional savings you pay into the Web Saver between 17 July 2009 and [/FONT][FONT=Verdana, Arial, Helvetica, sans-serif]17 January 2010. The rate applied to any additional savings deposited and cleared between these dates will be 3.25% equivalent AER* (including a fixed bonus of 2.21% gross p.a. until 17 January 2010). [/FONT]

[FONT=Verdana, Arial, Helvetica, sans-serif]This means that any savings you put into the Web Saver over the amount you held on 17 July 2009, will earn 3.25% equivalent AER* until 17 January 2010. [/FONT][FONT=Verdana, Arial, Helvetica, sans-serif]After 17 January 2010, the rate will revert back to the standard variable Web Saver rate, currently 1.0% AER.[/FONT]

[FONT=Verdana, Arial, Helvetica, sans-serif]Meanwhile, existing savings will continue to earn the standard Web Saver rate of 1.0% AER variable. And remember, you can still withdraw money at any time between 17 July 2009 and 17 January 2010, but bear in mind it will be taken from the savings eligible for the higher rate of 3.25% equivalent AER* variable. [/FONT]

Twosheds

yep - I got one of those emails today too - may have to consider putting my money back in ING as their rates have been rubbish lately.

lectureral

I have a 1 year fixed interest deal with Ing finishing on 23rd July - I guess this will be paid into my Ing instant access account that day - does that mean that this will get 3.25% until Jan - I had been going to start another 1 year fix with it but maybe I can leave it for a while?

Steve_xx

lectureral wrote: »

I have a 1 year fixed interest deal with Ing finishing on 23rd July - I guess this will be paid into my Ing instant access account that day - does that mean that this will get 3.25% until Jan - I had been going to start another 1 year fix with it but maybe I can leave it for a while?

If the instant access account you have is called "Web Saver", then I guess the answer to your question is yes.

Stompa

Hmmm, I've just noticed that they have two accounts for existing customers:

1. GROWTH SAVER - Higher interest for higher balances of £50,000 and over.

2. BONUS SAVER - A higher rate if you don't make any withdrawals.

and what rate are they offering - a whopping 1.0% AER! They've gotta be kidding.

lectureral

My account is the standard Ing saving account - had it for years. Is the Web Saver account different - could I open one and benefit from the bonus as an existing customer of Ing?

Steve_xx

lectureral wrote: »

My account is the standard Ing saving account - had it for years. Is the Web Saver account different - could I open one and benefit from the bonus as an existing customer of Ing?

God alone knows, you would have to ask ING. Though I suspect your account is not the one it needs to be. It doesn't look to me as if you could open one either.

thor

I am an existing customer currently suffering their 1% savings rate. Only 1 pound though:rotfl:
I still would not move any money to them even if I got this temporary bonus rate. I have nothing but contempt for ING and their devious tactics to hoodwink their customers.

Steve_xx

thor wrote: »

I am an existing customer currently suffering their 1% savings rate. Only 1 pound though:rotfl:
I still would not move any money to them even if I got this temporary bonus rate. I have nothing but contempt for ING and their devious tactics to hoodwink their customers.

Yes I take your point. The problem is that they are not alone. A&L are every bit as bad I believe.

Inactive

thor wrote: »

I am an existing customer currently suffering their 1% savings rate. Only 1 pound though:rotfl:
I still would not move any money to them even if I got this temporary bonus rate. I have nothing but contempt for ING and their devious tactics to hoodwink their customers.

Similar here, I have just left a few quid in 2 accounts, now it must be costing them more than it's worth to send out statements.

:mad:

elektra

Steve_xx wrote: »

If the instant access account you have is called "Web Saver", then I guess the answer to your question is yes.

[FONT=Verdana, Arial, Helvetica, sans-serif]We’re giving you an exclusive bonus rate of 3.25% equivalent AER* variable on any new savings you deposit into your Web Saver between 17 July 2009 and 17 January 2010

Be careful of the word 'new' - I'm assuming that means deposited from an external account , not just from another ING account.
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