ING reward 6% rate

kindanice

The 6% is for existing customers only - and is only paid on money deposited between May & 1st Aug.

taxlady

Many thanks for helpful replies - and so fast!!

ahll

Yes thanks for letting us know about it...I am with ING but not logged in for a while scince moving to ICICI...

ahll

It seems the ICICI seem to have a limit of 10,000 per transfer out...

I didnt realise they took 10 interest off you if you moved some of your money out of your ICICI account !

I have decided to move my money to my ING account so hope it worth it...only took a few minutes. Shame I wasnt aware of this offer 10 days ago and not on a Bank Hol weekend.

If ICICI is an Indian Bank will Bank Holidays here in the UK have any effect on there working days ?

EagerLearner

Ah, I missed out on becoming an ING customer, but did join ICICI @ 5.03% so still making reasonable innings, compared to 4.65% with penalties for withdrawing!

EagerLearner

fablad75

With all this talk of transfer limits, I just want to say that I'm very envious of everyone here - all of you seem to have between 10k and 100k to shuffle around!

lipidicman

Remember that a fair proportion of that money will be 'borrowed' from some generous credit card companies at 0%. Lots of people have stooze pots in the £10k to £100k range.

thor

taxlady wrote:

This week's Money Tips mentions an introductory rate of 6% until August. I cannot see any reference to this on the ING website, in fact they say "no misleading introductory bonuses'.

Anybody got any information, please?

Thanks

ING were supposedly not like other banks who try to trick you. Yet they entered the savings arena with a leading savings rate and when they accumalated enough dosh, they began to knock it down to the average rate it is now. Next they announce that they will be paying 6% on money deposited during a short period of time while hoping(as has already been pointed out in this thread) that people forget to pull their cash out when the rate drops back to mediocre. These are exactly the kind of tactics that ING were accusing the existing banks of engaging in. How the mighty have fallen!

home_alone

thor wrote:

ING were supposedly not like other banks who try to trick you. Yet they entered the savings arena with a leading savings rate and when they accumalated enough dosh, they began to knock it down to the average rate it is now. Next they announce that they will be paying 6% on money deposited during a short period of time while hoping(as has already been pointed out in this thread) that people forget to pull their cash out when the rate drops back to mediocre. These are exactly the kind of tactics that ING were accusing the existing banks of engaging in. How the mighty have fallen!

The timing of the start of the 6% increase also was a bit tricky dicky being halfway through the month I imagine most get paid at the end so like myself had already put my lump (leftovers) into ING at the start of the month.

gary

manhattan

ive just transferred some money into my ing account,and it still states 4.5% on my account?

has anyone who has transferred money with the 6% offer got the same on their account or does yours say 6%?