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bomberbrown

I N G Direct Savings Rates Letter In The Post

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I couldn't believe the ING Direct letter that I got through the post the other morning. (I've just remembered it) :angry:

The start by telling me that the BOE have upped the base rate from 5.5% to 5.75% earlier this month........Mmmmm... I thought, they're gonna be upping the savings rate.

Wrong!! All three rates (ISA, ING Direct and ING Websaver) are to remain at their present levels. Then, here comes the good part. They then say that they still feel these are pretty competitive and that I'm free to move my savings elsewhere if I choose. What a cheek!!!

Needless to say, I opened an IceSave (6.2%) account this weekend, hopefully in time to move savings at the beginning of the month.

I've really had it with ING now.

</rant>

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Yeah, it really grates me when I get letters from the mortgage company a few days after the BoE rate rises, but it takes weeks, nay months for rises to filter through to the savings accounts.

Yet when we get a BoE rate DECREASE, it takes them a lot longer to lower the mortage rates..... :angry:

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I couldn't believe the ING Direct letter that I got through the post the other morning. (I've just remembered it) :angry:

The start by telling me that the BOE have upped the base rate from 5.5% to 5.75% earlier this month........Mmmmm... I thought, they're gonna be upping the savings rate.

Wrong!! All three rates (ISA, ING Direct and ING Websaver) are to remain at their present levels. Then, here comes the good part. They then say that they still feel these are pretty competitive and that I'm free to move my savings elsewhere if I choose. What a cheek!!!

Needless to say, I opened an IceSave (6.2%) account this weekend, hopefully in time to move savings at the beginning of the month.

I've really had it with ING now.

</rant>

I have an equally good idea. Why don't you just give me 50 quid each saturday and I'll go piss it up the wall for you.

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I couldn't believe the ING Direct letter that I got through the post the other morning. (I've just remembered it) :angry:

The start by telling me that the BOE have upped the base rate from 5.5% to 5.75% earlier this month........Mmmmm... I thought, they're gonna be upping the savings rate.

Wrong!! All three rates (ISA, ING Direct and ING Websaver) are to remain at their present levels. Then, here comes the good part. They then say that they still feel these are pretty competitive and that I'm free to move my savings elsewhere if I choose. What a cheek!!!

Needless to say, I opened an IceSave (6.2%) account this weekend, hopefully in time to move savings at the beginning of the month.

I've really had it with ING now.

</rant>

Do they want people to move their money???

I also bank with them but most banks don't even tell you about rate changes, ING are writing to us to tell us that they aren't putting up rates when they probably should.

Weired

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I couldn't believe the ING Direct letter that I got through the post the other morning. (I've just remembered it) :angry:

The start by telling me that the BOE have upped the base rate from 5.5% to 5.75% earlier this month........Mmmmm... I thought, they're gonna be upping the savings rate.

Wrong!! All three rates (ISA, ING Direct and ING Websaver) are to remain at their present levels. Then, here comes the good part. They then say that they still feel these are pretty competitive and that I'm free to move my savings elsewhere if I choose. What a cheek!!!

Needless to say, I opened an IceSave (6.2%) account this weekend, hopefully in time to move savings at the beginning of the month.

I've really had it with ING now.

</rant>

Yep, after receiving news from my Icesave and Cahoot all putting up their rates as a result of the BoE change I got the letter from ING. Solution; I've moved all the cash into the other two, leaving just £1 in ING (mentioned by someone else before on this forum...). Not sure if it annoys them or not but I imagine having to administer accounts where the balance is £1 isn't their ideal scenario...!

If they put it up again and become 'competitive' then I'll move some back for them...

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I have an equally good idea. Why don't you just give me 50 quid each saturday and I'll go piss it up the wall for you.

Not quite sure I see your point, but rest assured that I can and quite often do this already. But thanks for the offer anyway. ;)

Anyway, back to my point. What a completely irrelevant and pointless letter to send in the first place.

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its a money making scheme advertise a great rate get loads of customers drop the rate make loads more money, its a like a Credit card company they want customers, but not the efficient customers. Be a rate slu t, move it to the best place

Edited by moosetea

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