Icesave - advice from users of this account

Mikeyorks

YorkshireBoy wrote:

Icesave charges £30 for a CHAPS (same day) transfer out of your account.Search the OFT website for 'same day transfer', and you'll see that it's (hopefully) scheduled for late 2007.

Apologies - cross posted. Got carried away looking at their T&Cs for a CHAPS charge .. and got a bit intrigued by the fact they don't belong to APACS and have a disclaimer that they may not pay interest gross even after an R85 is filed!

mjmal51

Froglet wrote:

Although Ing Direct are not the best ref interest rates,when i ask for money to be transferred into my bank account it is there in 48 hours.For this reason,and because i can have 2 (or more) separate accounts under the one name,i am staying with them.there have been times when I needed the money urgently and this more than makes up for a bit less interest.Most of our(hubbys and mine) money is in Isas so for near instant access but at a much better rate than a simple account it works for us.

I have also stuck with ING having trialled ICICI and been disappointed. I have now opened an Icesave account and it has all the benefits of ING that you mention, so long as you transfer before 11am. So with the 5.45% being offered now I will be transfering most of my savings from ING to Icesave.

thor

I can't believe that people are still banking with ING. Even if they put their rates up by the full 0.25%(which I very much doubt they will do) this 'no strings attached' account will still have mediocre rates. There are loads of other accounts which are similarly straight forward and pay out much more interest. Putting in a decent amount of cash in ING will cost you quite a lot in lost interest.