ING sink to new depths

Secret_Wookie_2

Looking on the ING direct site today I noticed they have sunk to a new low as they now sell a Guranteed Investement account giving you 65% of any FTSE growth over 3 years.

Whatever happend to their orginal marketing promises of having just 1 simple
savings account that was easy to understand.

I have now removed my £1 from them and won't be going back, if I wanted these type of poor products I would go and speak to my bank.

Hungerdunger

Secret_Wookie_2 wrote: »

if I wanted these type of poor products I would go and speak to my bank.

Personally I can't see that these offers are very attractive at present - I was looking at a similar one from Nationwide a few weeks ago and decided against it.

But to be fair it may suit a certain type of investor. What you didn't mention is that if the stock market falls you still get your original investment back, so unlike the Stock Market, there is no risk to your capital. And if the stock market soars away over the next few years you could well get back more money than by investing in a fixed-term bond. Maybe some people would like to take that gamble.

AJK_3

The good thing about the ING product is unlike similar products elsewhere you have access to your funds every 6mths so they not completely tied in over the 3yrs.