Ing decrease Rates On Web Saver

nilrem_2

oap wrote: »

Hi again, well I suppose you have a point about cheques, numbers, and signatures, had not thought of it like that.
If you open an account on line and fill all the bumph in and there is no paper work, how do you provide proof of where you live, electric bill, council tax bill and all that sort of stuff? Do they not bother asking for that on line?

Some institutions do 'online checks' others may request that you post them some documents (which they return) When I opened my Icesave account they never requested me to send anything and the account was opened very quickly for me.

Optimist

oap wrote: »

Hi again, well I suppose you have a point about cheques, numbers, and signatures, had not thought of it like that.
If you open an account on line and fill all the bumph in and there is no paper work, how do you provide proof of where you live, electric bill, council tax bill and all that sort of stuff? Do they not bother asking for that on line?

Will have a think about icesave then and try and pluck up courage to do it, but hoping someone on here can come up with an Ing package but with five point seven five percent interest rate.which we can operate on the phone ???

Best wishes, oap

I have just closed my ING account and moved it into the Northern Rock Silver Saver 5.81%. Its just for us oldies... I had the confirmation paperwork through in 48 hours. I didnt have to provide any paperwork.

I also use Icesave but I don't like putting too much with one bank

The internet is just as safe as telephone banking providing you ensure basic security. Keep your antiivirus software updated also anti spyware software and if your using a WiFi network ensure it is secure.

oap

Hi Optimist, thank you, is that an internet account please?
Will try and find it. Sounds very good and just what we need, can you operate it over the phone? We phoned ING this morning, well they said that a lot of companies charge for closing accounts and things like that, but they don't. Also they do not operate their accounts according to the base rate, hmmm. He said they were bringing out a new one that they have used before that was popular and that is tie it up for six months!! No good for us, we do not draw out much, but you never know what might conk out, ie tv, etc, and just had to replace a freezer.

Thanks for the input, and will have a look for Northern Rock, it did not appear anywhere I have looked so far.

Much obliged and best regards oap

nilrem_2

oap wrote: »

Thanks for the input, and will have a look for Northern Rock, it did not appear anywhere I have looked so far.

Here it is Oap

http://www.northernrock.co.uk/savings/silver-savings-online/

Optimist

I note the Times today says its time to give ING the elbow

http://business.timesonline.co.uk/tol/business/money/savings/article1719259.ece

IGK

Optimist wrote: »

I note the Times today says its time to give ING the elbow

http://business.timesonline.co.uk/tol/business/money/savings/article1719259.ece

Good. The more publicity this type of behaviour gets the better.

thor

ManAtHome wrote: »

Probably the last year rather than two - but they've certainly done the "temporary rate increase due to withdrawals/panic" in the last 6 months (a couple of months after they started advertising mortgages more than savings).

Actually I think it is closer to 2 years. It must have been around mid/late 2005 when the boe last began to up the base rate and ING failed to match them. With each 0.25% boe increase ING put up theirs by less and less until the final one which was only 0.10%. It was during this period that I realised what ING were up to and I pulled nearly all my money out. My suspicions have been spectacularly vindicated with the their reaction to the last few boe rate rises.