My Dutch Savings Nest (ING Direct)

Member Name: sympatic

Product:	ING Direct
Date:	13/12/08 (118 review reads)
Rating:

Advantages: Easy to operate

Disadvantages: Internet only

I'm always looking for a better rate for my savings and having maxed out my cash ISA allocation for the current year I have to pay tax on the remaining savings I have so finding a good interest rate is important however I do want instant access to my money ratrher than tying it up and I find that internet based savings accounts tend to offer good rates.

ING are Dutch owned and have been around for a few years now, opening the account via their website is pretty easy, you can link it to your current account, mine is with First Direct, and this menas that it is easy to transfer money in either direction with no charges and the money is usually in the account within about three working days, if you want it transferring next day then you do have to pay a charge.

Security is good, you have to input your custoer number and then it uses a combination of password and pin code to gain access, I have neve had any problems with the accountbut it is easy to contact customer support either by e-mail or an 0845 number.

The site itself is well set out and easy to navigate and you can access your account statement easily, every six months you are e-mailed a statement as well and once a year a tax deduction certificate is sent in the post.

I fin ING to be a hassle free bank to do business with and while the rate is variable they are consistently in the top ten rate providers once you strip out the various gimmicks some banks use.

Summary: Decent savings