ING Direct increases bonus rate - Savings - News - Moneyfacts


ING Direct increases bonus rate

ING Direct increases bonus rate

Category: Savings

Updated: 06/07/2009
First Published: 06/07/2009

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 It is now over 6 months old so the content may be out of date.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 UK has increased the rate of the bonus paid on its Savings Account for new customers.

The bonus has been increased to 2.46% for 12 months (previously 2.22%), taking the new rate to 2.96%.

This is welcome news for investors in these times of low interest rates, and it makes the account one of the leading no notice rates on the market.

Investors must remember to review their position in a year when the bonus expires as the account is likely to become less than competitive.

However, in its current form, it has been awarded four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

6 of the best monthly interest savings accounts

Monthly interest savings accounts pay interest on your savings each month – as opposed to yearly – and therefore allow you to take a regular income from your hard-earned cash.

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.