ING Direct goes for the savings jugular - Savings - News - Moneyfacts


ING Direct goes for the savings jugular

ING Direct goes for the savings jugular

Category: Savings

Updated: 06/08/2012
First Published: 28/03/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

ING Direct has gone straight for the savings jugular by increasing the rate on its savings account for new customers.

New customers will now be paid 2.96% (AER 3.00%) making this account highly competitive when compared with similar no notice accounts with a short term introductory offer.

This rate is only available to new customers, who must be prepared to review the position at the end of the introductory 12 month period when the rate will fall to 0.50%.

The option of internet or telephone banking may appeal to some savers.

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