ING-New Account-Guaranteed Investment Account - 65% of any FTSE 100 growth over 3yr

tixiebella

Just gone on the ING website and seen this new release..

Has anyone applied yet?

Does anyone think its any good??

oldfella

so you give them your money, they pocket 35% of the growth and all the dividends - sounds terrible

nrsql

Sounds worse than most of this type - what's the guarantee?

KTF

Full details here: http://www.ingdirect.co.uk/savings/our_savings/gia/

barak

tixiebella wrote: »

Just gone on the ING website and seen this new release..
Has anyone applied yet?
Does anyone think its any good??

No! Don't do it!
I myself am not interested in this kind of product, but I believe there are some that offer 100% of an index's growth.

Biggles

This is appalling. Have ING totally lost the plot?

McSaver

I'm sure I have seen an account that offered 110% growth of the FTSE-100 before but couldn't remember where it was again.

ManAtHome

Maybe they're gearing up for a new slogan:

One great wait for f all...

Think it was either post Office or NS&I who had over 100% of FTSE gains (possibly a 5 year deal).

Lavendyr

NS&I offered a guaranteed equity bond at 120% of FTSE growth over 5 years. Compared to that this deal sounds very poor.

thedonut_2

To be fair, as much as I have been disappointed with the ING savings products which I have had for a while - this guaranteed investment isn't so bad.

The post office offer (over 5 years) is only 50% of any increase in value - compared to 65% with ING. Also you can get out early every 6 months and you can take only 10% of any increase by that time - so could always get to your money in emergency.

The NS&I guarantted bond is not currently in issue, although you can register for when it is next in issue.

So is this ING guaranteed investment really so bad?

oldfella

So is this ING guaranteed investment really so bad?

yes - most GIBs provide poor returns for investors, and great no risk profits for banks