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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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.