Not all high rate ‘easy access’ savings
accounts are as high as they first appear. With some accounts
you’ll lose a month’s worth of interest, however little you
withdraw that month – this means that the high rate you first
see is not necessarily the rate you’ll get. In fact, new
research* from ING Direct and Defaqto reveals that nearly 1 in 6
‘easy access’ accounts come with charges for customers
withdrawing their own savings.
Not at ING Direct. We offer a
straightforward savings account – one consistently high savings
rate of 4.75% AER for everyone, with no catches, no tricks and
no penalties. So whether you’ve got £1 or £1 million, everybody
gets the same high rate – no matter how many times they move
their money.
ING Direct CEO, Lindsay Sinclair, says: “Some
well known banks have high ‘headline rates‘ but their customers
will lose out whenever they move their money. These banks rely
on customers deciding that it’s too much hassle to switch
accounts after they realise how much money they are losing.”
Take a look at the table below to see how
saving is catch-free with ING Direct.
ING Direct Savings Account
First Direct
e-savings
HSBC Online Saver
One high rate for everyone
√
√
√
Free to move your money with no
penalties
√
X
X
Save from £1
up to £1 million
√
X
X
Manage your money 24/7 online or on
the phone
√
√
X
Figures
are used purely for a guide for providian card
