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ING Direct makes its move in savings market

ING Direct makes its move in savings market

Category: Savings

Updated: 06/02/2013
First Published: 16/04/2010

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 It is now over 6 months old so the content may be out of date.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 made a positive move with the introduction of a 2.22% 12 month introductory bonus for new ING Direct Savings Account customers.

It means the new rate will be fixed at 2.72% for a year, before reverting to 0.50% at the end of that period.

At this point, a review of the competitiveness of the product is essential because of the dramatic drop in the rate.

Adding to its potential appeal is the option of internet or telephone banking.

Comparing favourably with similar no notice accounts with a short term bonus, this account earns four out of five Moneyfacts stars.

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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 Any products featured may be withdrawn by their provider or changed at any time.