ING Savings Account

lisyloo

I am doing exactly the same.
No harm in keeping your options open.
It will save some hassle in the future if you need to return.

My guess (again my opinion) is that Cahoot will not be very good at putting up this rate in future (as it's already really good).
ING may narrow the gap over the next few rises.

System

I called up ING direct. They told me that they are reviewing their rates at the moment. So it seems like something is being done.

Cheers

System

Thanks for that Negs.

alared

They may be reviewing their rates but there`s no way it`s going up to 5.5%.
Having said that if it was`nt for ING starting up in this country,things would be a lot worse on the rate front.
Cahoot is owned by Abbey National who certainly have never been known as generous for savings rates,yet they can waste eleven million pounds re-branding themselves as wait for it Abbey!!!!!!!!!!!!
Even I could have thought of that one.

System

What annoys me here is that Martin promised information - yet he has failed to deliver - I am assuming this guy is for real??

That will annoy many of you regulars, but I am new - and having seen a website owner make a promise, and then not deliver is not exactly confidence building.

He has also failed to respond to this thread since then.

It would be nice if he were to even post and say 'Sorry guys, ING have asked for the info to be delayed by a week/month/year'

Come on Martin - let us know....

lisyloo

What annoys me here is that Martin promised information - yet he has failed to deliver - I am assuming this guy is for real??

That will annoy many of you regulars, but I am new - and having seen a website owner make a promise, and then not deliver is not exactly confidence building.

He has also failed to respond to this thread since then.

Ian - I belive that the news is the new Cahoot account paying 5.5%.
The information has been available for a few days so I am amazed you missed it.

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1088046565,10988,

Can I suggest signing up for Martins tips?

I don't think Martin has the time to answer every thread or every individual personally.
You need to look around the rest of the site (this news is all over the place).

Can I also suggest you do a little more research before making statements like that above.

I think you will find people here pretty friendly if you ask for help but not if you make statements that aren't true simply because you havne't looked for the information.
These boards are very busy and I'm sure Martin can't read them all.

System

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

martin

Apologies if I upset you or anyone else.

He message was above - it was clearly about ING as that what was his subject was. Not Cahoot.

I do subscribe to his moneytips now, and the last edition had no mention of ING in it.

Either Martin forgot, was on a wind-up, or ING withdrew the information - if it was the first one then fair enough - but all I ask for is the information promised

isasmurf

If ING are looking into their interest rates now, I think they've probably been forced into it by Cahoot.

My own view is that they were waiting another month or two before deciding what to do. Why? Well IMO it combines in with the complaints of not passing on the full 0.25% rise in the past. If you look at their advertising you'll see that their interest rate is put in the middle of a lifebuoy, you'll also see that they cannot fit more than 2 digits in there without it looking squashed.
If they wait for another rise they could pass on the full rise together with this months, i.e. 0.5%.

Or perhaps I'm just grasping at straws... ::)

lisyloo

He message was above - it was clearly about ING as that what was his subject was. Not Cahoot.

That is not my interpretation after having read the thread again.
I believe it is the news from cahoot which was published on 24th June - 1 day after his message.

It is of relevance to people on the thread because lots of people will be interested in moving from ING to Cahoot. So it was relevant to post on an ING thread.

DiggingOut

Either Martin forgot, was on a wind-up, or ING withdrew the information

Or you misunderstood what he was saying.

He message was above - it was clearly about ING as that what was his subject was. Not Cahoot.

That is simply because he clicked "reply" on a thread that was started about ING. But it had moved on to comparing different providers / rates -- several others had been mentioned as to which was best. He then said he had news on that coming out.

No, I'm not a Martin Lewis groupie, I just don't like people criticising anyone without good reason. Maybe one or two people around here already know that. But anyway, I'll have to find a better reason than this one to criticise him. ::)

In general, I prefer to look for a positive explanation of someone's actions/words rather than a negative one, until the negative is forced on me.