Ing 6% fixed for 6 months & 5.65% Web saver (merged)

molly_mandy_2

Oh ! Mine's on the same summary page.

Maybe you have lots of ING accounts. I've only got three separate ING ones.

[Deleted User]

molly_mandy wrote:

Oh ! Mine's on the same summary page.

Maybe you have lots of ING accounts. I've only got three separate ING ones.

I have five, so I may now try and 'rationalise' them.

longforgotten

Just checked my account and noticed this new account for 5.65%. Has it been about long then as I haven't noticed it before and could not find it on here when I searched.

It's an online account only. I may as well transfer my money into this new Websaver account as I only use my existing account online.

Bogof_Babe

Link below to previous discussion.

http://forums.moneysavingexpert.com/showthread.html?t=365034

longforgotten

Thanks Bogof_Babe

Nigel1

Just had an email from ING showing they have dropped the simple idea of "one great interest rate for all" (although their website still shows it!):

"At ING Direct we now offer a range of savings products to suit your needs and, as of 1 February 2007, our savings account rates are:

ING Direct Savings Account …want a great rate whether you manage your money by phone or online 4.75% AER*

ING Direct
Fixed Rate Savings Account …want a guaranteed high rate and are able to put your money away for a fixed period 6% AER for 6 months

ING Direct
Web Saver …are happy to manage your savings online only 5.65% AER
Maximum balance of £250,000"

They must have been rattled my Martin pointing out that ICICI offer 5.65%. Unusually, this appears to be only available for exisiting users! Or possibly aimed at people like me having started to transfer money to ICICI.

One thing: Why can't you just transfer the whole ING account over to a new WebSaver account, instead of having to mess around opening a new websaver account alongside the existing one?
Keep it simple chaps!
Nigel1

Paul_Herring

Nigel1 wrote:

Or possibly aimed at people like me having started to transfer money to ICICI.

Well it certainly isn't aimed at people like me who moved out ages ago! I'm certainly not moving back for 0.05% AER. Just the initial 3 day delay in moving would wipe out any benifit.

pioneer31

Just spotted that you can't directly transfer from a nominated bank to Direct Web Saver. You have to go Bank>Direct Savings>Web Saver.

Or am I doing something wrong.

mary

I did the same yesterday but in reverse, you have to go from Websaver to Direct Savings and then nominated bank. I checked with them. I could to it instantly.

masonic

mary wrote:

I did the same yesterday but in reverse, you have to go from Websaver to Direct Savings and then nominated bank. I checked with them. I could to it instantly.

Incoming funds have to clear before they can be transferred to the websaver, though.