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.
Four out of five Moneyfacts stars have been awarded.
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