ING Direct's bonus boost for new savers
ING Direct has increased the rate on its easy access telephone and internet-based account to 2.2 per cent after tax (2.75 per cent before) with the rate fixed for one year.
This offer is open only to new customers to the bank. If you have had a Direct Savings account with ING in the past six months and open an account now, you will earn 0.4 per cent (0.5 per cent), not the new higher rate.
The new deal makes it one of the most attractive easy access accounts on the market.
Rate rush: ING leads the best buy tables for easy access savings accounts
AA Internet Extra (Issue 3) pays a slightly higher 2.24 per cent (2.8 per cent) including a 12-month introductory bonus, but it can be used only over the internet.
With the new ING Direct Savings deal, the rate is fixed for one year. After that you will need to move your money, as you will then earn the bank's standard rate of 0.4 per cent (0.5 per cent).
Savers with the bank who opened an account to benefit from its 2 per cent (2.5 per cent) rate on offer this time last year will now see their rate drop to the underlying 0.4 per cent (0.5 per cent).
Some savers in Alliance & Leicester Online Saver 4 saw their bonus disappear earlier this month and now earn 0.4 per cent (0.5 per cent) on balances up to £25,000.
Northern Rock has also launched a new savings account - aimed at children. Its Little Rock account pays 3 per cent - the top rate on offer on easy access accounts for those up to the age of 16. Minimum investment is £1.
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