ING Savings Account

lisyloo

which will give me £150 extra interest over 12 months compared to ING.

I personally think that's unlikely.

I think it's likely that ING will raise rate roughly in line with BOE rates (yes I know they missed 1 out of the last 4).

I don't think cahoot will raise this really good rate for a while.

Just my guess and I think it's still worth getting the Cahoot account.
But don't assume that they will raise it in line with BOE - my guess is they won't.

System

Not allowed to say anything yet - it's embargo'd but wait for my money tip this week for news on this

martin

How long is this embargo's for Martin?

You said 'this week' - well it is almost 'next week'

Come on spill the beans

alared

Can anyone confirm that ING are raising rates on 10th July to 4.85%

lisyloo

There is nothing on their website in press releases.
Where did you hear it?

alared

On a foolish board

lisyloo

Are you confusing it with this message which is about Cahoot?

Cahoot are upping their savings rate from 10th July to 4.85% AER.

Or perhaps this message

ING will be raising their rates to 4.9% on 1st July.

which is from someone called alared

If that is you then you have been asked for a source of TMF.

Hi alared, could you please give the source for this.

You must be getting confused or forgetful  :-/

System

Haven't seen any attributed posts on TMF either.

A&L are 4.85, could it be their account you're getting confused with?

alared

I`ve read the other board again and although it` s on the ING thread the poster is saying Cahoot are puting their rate up to 4.85% from 10th July.
If ING fail to raise this time I think they`ll lose a lot of customers to the new 5.5% savings account from Cahoot.
I should have thought that ING would have responded to the last BOE increase by now.

lisyloo

I don't think they are going to raise (they would have done it by now).

The will probably lose some business to Cahoot (the tarts) but not everyone is prepred to jump ship every 5 minutes.
ING are offering a great rate in the long term (no bonuses or introductory rates) so are good for people who want a good rate but don't want to go to the trouble of changing accounts all the time.
Cahoot will be good in the short term but my guess is that in a years time, we'll all be back at ING.
I am keeping my ING account open just in case.

Before you say - opening an account is no hassle - I can tell you that for disabled elderly people who can't remeber where they put their stuff - it's a nightmare.
We help our parents and even simple form filling exercises are a nightmare.
We will have to turn the whole flat upside down to find the ID required.

For people who don't want or like being a tart then I think ING will be a good long term bet.

All in my opinion of course.

alared

I agree with you but having had an ING account since day one (which I`ve always been happy with),my hard -earned will be heading towards Cahoot fairly shortly.
The ING account will be left open for a return to in the future.