ING Direct savings account - Can I open another?

StrongWork

Hi!

Had my ING Direct savings account for over a year now and as a result the high interest period is over (booo!).

Is is possible to open another (new) ING account and transfer the money there to get the benefits of the high interest rate for another year?

Of course this 'dance' would have to be conducted every year.

TIA

alanq

No.

"Please note that to apply for our new customer introductory rate you cannot have held an ING Direct Savings Account for at least 6 months".

StrongWork

alanq wrote: »

No.

"Please note that to apply for our new customer introductory rate you cannot have held an ING Direct Savings Account for at least 6 months".

Thanks for the info.

Perhaps I should transfer my money to another high interest online savings account, close the ING account and then reapply/retransfer a year down the line.

Sounds like hard work though!