ING Direct

6 month bond 6.5%

12 month bond 6.2%

Both 5k minimum .

Thanks GS Was going to shift from ING today but I will now have a look at this

Yep, I am going to move 10K from my ING online account into the 12 month bond. You have to have their online account to open one of the bonds.

Just spoke to them, It is not showing when I log into mine or the wifes ING accounts.. anyway he says that it has to be done over the phone.

Once you open one ( Minimum 5k ) you can not add to it but you can open up to 20 Bonds..

Maximum limit is £49,999.00

I was seriously going to move my money from ING today.... a couple of 12 month bonds will do nicely and save me some work.

What do they do - do they move your money from your online account immediately? Or do they open the bond for you and then allow you X days to move money over?

Has to be in your ING savings account, already cleared. I am moving some from my barclays account into both my accounts and have to wait until it`s clear. The man at ING said that will be 3 buisness days???? Not sure though as I think it takes a bit longer.
Says it takes between 5-8 minutes to open the bond. I think I could have set it up there and then but I said I will call back when ready.

Yes as Bob says you buy them over the phone but it must be cleared funds , if you send the cash from your own bank it will take 3 working days , BUT if ING call for the money from your bank it then has to sit in your account to officially clear another 3 working days { but you still get interest } , they send you a cert. a few days later , they never advertise these bonds you always have to ask
Use the free number 0800 376 6666 .

OK, thanks. I don't intend to put more than 10K into ING. I know Moneyweek says they are as safe as UK banks but... Well, I don't like the idea that ING fall outside of the UK FSA scheme and are reliant on the Dutch scheme for the first 15K. Hence I will only keep about 10K to 12K in ING to account for interest over a year taking me up to abotu 15K.

I have 10K in there now so will move that over to the 12 month bond.

My sisters husband works for ING and they are a very safe bet. They have lost millions in the UK, which is why their interest rates fell well behind other banks. They hadn't anticipated that UK interests would rise like they did. The UK part of ING is only a very tiny part compared to the bank as a whole around the world so its not so bad.

I have an account with them and will be using them again as they are offering good rates of interest on their bonds.

i am going to open an account in ING. i also would be need of credit from them. Should I close all old or unused accounts before applying for a loan?