ING To Increase

System

As in the words of Bleg...... You`ll be lucky.

home_alone

I,m with you Leia, 5% net wll do nicely -- for now, I hope ING will get to 5% (cahoot) by xmas, house prices are still soaring around here.
I just wish the big banks would break line with one of them getting into the race then the rest of them should follow, game on.

Leia_Stephens

Less than 48 hours to go before we can find out what the ING rate will become from 1st September .

I am getting too excited about this ;D.

Leia

System

Typical eh? I apply for a Cahoot savings account and ING decide to make an announcement. >:(

lisyloo

It was entirely predictable - although have we heard anything definite from Cahoot?

System

What time is this 'announcement' due?

Yorkieds

Message from Cahoot

The new introductory rate will be market leading and as such, this will be attractive to both new and existing customers. In addition, on all balances under £50,000 the interest is guaranteed for 12 months from the date the account is opened to remain the same or increase, this provides protection from any rate changes during this time. On balances over £50,000 the interest rate is variable and could change over time up or down.
???

isasmurf

What time is this 'announcement' due?

High Noon

System

High Noon

Youve been watching far too many cowboy films Smurf. ;D ;D ;D

johnllew

5% from the 1st September 2004:

Reading, 13th August 2004. Following the Bank of England’s decision on 5th August 2004 to raise Interest Rates to 4.75%, ING Direct will be raising the Interest Rate on its Savings Account to 5.0% AER* (Gross 4.89%) with effect from September 1st 2004.

"5.0% is a good rate of Interest. We will always deliver the same good rate to everyone of our 600,000 savers with “no catches”. We are a top 10 savings account and are the natural home for the committed saver,” commented Lindsay Sinclair, CEO ING Direct.

“The savings market is rapidly becoming a “buy now while stocks last market” with the vast majority of Best-Buy accounts having bonuses or caps – this confuses savers who should look for accounts paying long term consistent rates with “no catches”.