Wow ING direct 0.5%

MoneySaverLog

edinburgher wrote: »

Also, remember that banks aren't your friend and will happily stiff you for a few percent/massive overdraft fees/mis-sell you something exotic at the drop of a hat

Always tell the bank what you want. Don't take on what they want to offer, I mean sell, you :rotfl:

I can live with that philosophy

savemoney

Its worth playing at there own game, no reward for loyalty unfortunately so once the new deal is over, switch

thor

wonderman wrote: »

ING is just the same as all the rest of them despite all the blah blah a few years ago. In fact they are probably worse because they duped a few of us into believeing that they were different and it would be one rate for all - and by the time I realised that they were paying just about zero interest they had had the money for a couple of years.

No need to close the account - just leave a penny in it

ING were one of the first to to cut their interest rates by more than the boe drops and raise their rates(or sometimes not at all) less than boe increases. They were getting slagged off mercilessly as being a bunch of chancers 3 or 4 years before the credit crunch hit.

oldagetraveller

Essenchill wrote: »

Or perhaps give the reason why you want to close your account, it could well be due to interest rates but don't just say that if it isn't the case!

It usually is in 99.9% of cases! And my answer was in direct response to the OP, that's what he/she was complaining about. Not inviting a "nitpicking", smart alec remark like yours.:)

londonTiger

oldagetraveller wrote: »

It usually is in 99.9% of cases! And my answer was in direct response to the OP, that's what he/she was complaining about. Not inviting a "nitpicking", smart alec remark like yours.:)

yeah exactly why would you change your savings account.. there's only two reasons for taking money out of a savings account

1. To move it elsewhere
2. To spend it, wedding, emergency or just general expense.

Let's eliminate point 2 as far as closing your account goes, if you have to take out all your money, you don't go and close your account as well, unless point 1 is true as well.

iAMaLONDONER

londonTiger wrote: »

Holy moley, how'd it sink that low. I remmeber they were offering close to 5% up until the bubble burst, and then dropped way down to 0.5% I thought that was just a temporary measure and it would bounce back.

I really though ING was different (same rates for all, no restrictions to when you can withdraw or pay in money).

But it's same old same old, they offer 3% to new account holders and a measly 0.5% to exisiting members.

Right I'm withdraw the money back into my current account and then looking elsehwere, where's the best place to save? Ideally somewhere that I'm not tied in to get my earnings, and can withdraw at any time. I probably wont need to withdraw but Id like the option to do so.

But aren't they owned by Barclays now?

DJBenson

iAMaLONDONER wrote: »

But aren't they owned by Barclays now?

Did you see the date on the post? You've just reponded to a 2 year old thread