An alternate to ING Direct, BUT, with easy multiple accounts

colayandaway

Hi,

Long time reader, first time poster, please be gentle!

I have numerous ING Savings accounts, as I find the ability to see them all and save in different 'pots' best for me. Example, I have easy access:

Football Season Ticket
Wedding
New House
New Car
Mortgage Overpayment
Holiday

I also have a higher rate account that pays better, but not great, with my main money in it.

Now, I only just realised that I'm not covered like I am in other UK/EU banks, due to it opting out, and, for my own piece of mind, want to move my money, BUT, to a provider, that allows me a simple user interface and the ability to have and name multiple accounts like ING Direct. Hopefully, users of ING direct know what I mean.

I have aNationwide log in and online acces, but I think it is poor compared to ING. Now, yes, Interest rates are important, but, so is ease of use and multiple accounts for me.

Friends have said I should keep an Excel Sheet of all my monies and put it in one account, but, that's not my style and is work on my side, I wat to keep it seperate ad compartmentalise. Also, I can more easily justify the Season Ticket to myself!

Any suggestions, folks?

Thanks in advance and I hope that makes sense

Colay

PS, I'm under the threshold, it's not lots of money, but, I'd hate to lose it, obviously.

antrobus

colayandaway wrote: »

...

Now, I only just realised that I'm not covered like I am in other UK/EU banks, due to it opting out,..

Not sure what you mean by this? ING is a Netherlands banking institution and is covered by that country's Deposit Guarantee Scheme.

psychic_teabag

See also
https://forums.moneysavingexpert.com/discussion/3891619
https://forums.moneysavingexpert.com/discussion/3855097

colayandaway

antrobus wrote: »

Not sure what you mean by this? ING is a Netherlands banking institution and is covered by that country's Deposit Guarantee Scheme.

Sorry, yes, it's covered by them, but, from what I have read on here, there is no guarentee, i'd get it back, IF, they collapsed

antrobus

colayandaway wrote: »

Sorry, yes, it's covered by them, but, from what I have read on here, there is no guarentee, i'd get it back, IF, they collapsed

The Dutch Deposit Guarantee scheme covers you for up to EUR 100,000. That's a reasonably good guarantee. I'm not aware of there being any doubts regarding the solvency of the guarantee scheme or indeed of the Dutch state itself.

innovate

antrobus wrote: »

The Dutch Deposit Guarantee scheme covers you for up to EUR 100,000. That's a reasonably good guarantee. I'm not aware of there being any doubts regarding the solvency of the guarantee scheme or indeed of the Dutch state itself.

Just alone the fact that you would have to claim from a non-UK organisation is enough to put me off passport schemes. More than that, just because there is no known problem today, there might be one in the future.

antrobus

innovate wrote: »

Just alone the fact that you would have to claim from a non-UK organisation is enough to put me off passport schemes.

Fair enough.

innovate wrote: »

More than that, just because there is no known problem today, there might be one in the future.

You could say the same about the UK's very own FSCS.