Bank that likes to pay 6% on savings (ING Direct)

Name: kjuwwa

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Product:	ING Direct
Date:	25/02/08 (179 review reads)
Rating:

Advantages: high rate of return

Disadvantages: phone and internet only

ING is a Dutch bank offering very competitive saving rate of 6%. The bank was formed 10 years ago and since has become the leading provider of savings account in the world with more than 20 million customers. In UK it has one million customers.

ING really does offer a very attractive product in savings. Open a saving account with as little as £1 and enjoy 6% annual returns on your pile of money. You can withdraw any amount invested at any time and suffer no penalties.

ING doesn't have any branches; banking is done over phone and over the internet. Savings made from low cost operation is passed onto customer.

ING is regulated by financial authorities and it has a solid base so there is virtually no chance of it going under.

I have invested a small amount of money.

ING does Home Insurance and Mortgages as well. I can't write about these.

I am recommending this company on healthy interest rate it is paying on saving. So far I am very happy with the way this bank has done my transactions.

Summary: I recommend it for the saving returns