ING - Now 4.75%! Joke! Can anyone help?

oxenryd

Hi all

Got a letter today saying that ING have dropped to 4.75%. There is low and then there is ING! I only stayed with them because of their system of being able to have up to 10 accounts AND get monthly interest.
I know Birmingham Midshires say they will better ING but from what I understand they don't offer monthly interest.
I've looked everywhere I can think of, but can anyone think of anywhere where I can have a few accounts and monthly interest?
Many thanks.

ad44downey

You must be ING's sole remaining customer. Get out now, the rest of us baled out years ago.

YorkshireBoy

oxenryd wrote: »

I know Birmingham Midshires say they will better ING but from what I understand they don't offer monthly interest.

Just work out what your interest *would* be if it was paid monthly, and withdraw that manually...

balance x gross p.a. rate(%) / 365 x n x 0.8

where n = number of days in month, and 0.8 is the savings tax multiplier (ignore if you get your interest gross).

I've looked everywhere I can think of...

I *think* you can have more than one BM eSaver account? If not, set up 'virtual' pots in a spreadsheet or by using MS Money?


EDIT: Yes, you can hold as many BM internet savings accounts as you want...

http://www.askbm.co.uk/savings/i/faq/intro.asp#ab04

oxenryd

ad44downey wrote: »

You must be ING's sole remaining customer. Get out now, the rest of us baled out years ago.

:rotfl: I am trying to !! Help me!!!! lol:rotfl:

Sordice

I'm in the same boat as you oxenryd... Still doing my research at the mo :rolleyes:

I've been tipped by a few people for Birmingham Midshires, also for Bradford & Bingley Internet Saver (2) account (recently dropped its interest rate from 6.15% gross AER to 6.00% gross AER) or ICICI HiSave (interest rate currently still 6.16% AER)...

Others include Icesave Easy Access Savings (6.05% AER, but you need a minimum £250 in there) or Kaupthing Edge (6.50% AER, but you need a minimum £1000 in there)...

Haven't yet decided meself whether to move my accounts or where to move them, but I hope those few above might help you with some ideas oxenryd :cool:

nilrem_2

ad44downey wrote: »

You must be ING's sole remaining customer. Get out now, the rest of us baled out years ago.

Lol No, they are not I still have 2 accounts with them containing a total of £7.68! :j

Move it Oxen, it's the only language ING understand. I reckon they must be desperate for savers, they keep phoning and emailing me asking me to put my 'nest egg' back with them! :rotfl:

nilrem_2

Forgot to say, I can thoroughly recommend Icesave and they do monthly interest, I always insist on monthly interest too.