Just opened an ING savings account

trikidy

Thats about it!
Had my PIN and i'm now up and running.
I got the 3% as the bonus for the first year, so is anyone else with them?
I've read mostly good reviews so I am quietly confident there will be no problems!

nilrem_2

trikidy wrote: »

Thats about it!
Had my PIN and i'm now up and running.
I got the 3% as the bonus for the first year, so is anyone else with them?
I've read mostly good reviews so I am quietly confident there will be no problems!

I had a huge amount saved with them a few years ago when they paid a decent rate, once they had a lot of customers they reduced the rates and upset a lot of savers, I shifted all but £7 away from them along with many other savers, at the time it was said that £4.5Bn was moved out in a very short time!

Now they only offer decent rates to news customers. (for a while!)

trikidy

nilrem wrote: »

I had a huge amount saved with them a few years ago when they paid a decent rate, once they had a lot of customers they reduced the rates and upset a lot of savers, I shifted all but £7 away from them along with many other savers, at the time it was said that £4.5Bn was moved out in a very short time!

Now they only offer decent rates to news customers. (for a while!)

Yes I think its a 2.5% bonus rate for a year, so they are good for a year!

alanq

I was with them for two periods while the bonuses lasted. (6 months in between without any account to become a "new" customer again). I found their service very satisfactory.

Those of a nervous disposition may wish to avoid as they are not FSCS guaranteed. If the € drops in value against the £ those with very large balances may need to bear in mind that the Dutch guarantee is for the equivalent of €100,000 which will not be for as many £ as it used to be.

C_Mababejive

I used to deal with ING.

Then i got my fingers burned with Icesave and had to wait months for money to be repaid.

I then decided i would only deal with UK backed institutions.

alanwsg

nilrem wrote: »

I shifted all but £7 away from them along with many other savers.

Now they only offer decent rates to news customers. (for a while!)

Keeping £7 pounds with them is a mistake as it prevents you from being a "New customer" if you want to take advantage of one of their 12 month bonus rate offers,which tend to be very good.

I did even worse and completely emptied an account but didn't actually close it (i.e. left a balance of zero) and they still wouldn't let me have their bonus rate.

nilrem_2

alanwsg wrote: »

Keeping £7 pounds with them is a mistake as it prevents you from being a "New customer" if you want to take advantage of one of their 12 month bonus rate offers,which tend to be very good.

Very true but I don't think I would consider banking with them again. I had a scare with Icesave too and felt we were lucky the UK government backed us.

The so-called passport scheme sounds fine but if you meoney is guaranteed by a foreign government are they not going to look after their own country-folk first in the event of a crisis.

How many of us would feel confident that we would get our cash back if it was guaranteed by the Greek government for example?

trikidy

nilrem wrote: »

Very true but I don't think I would consider banking with them again. I had a scare with Icesave too and felt we were lucky the UK government backed us.

The so-called passport scheme sounds fine but if you meoney is guaranteed by a foreign government are they not going to look after their own country-folk first in the event of a crisis.

How many of us would feel confident that we would get our cash back if it was guaranteed by the Greek government for example?

What is this Icesave people are speaking of?

bigadaj

trikidy wrote: »

What is this Icesave people are speaking of?

One of the Icelandic banks that went bust with the whole country. I had money in Kaupthing and actually was better off than alternatives, the high rate was paid until the savings elements was taken over by ing so a net benficiAry. This wasn't the isle of man part of course.