ING Direct Savings Account Reviewed

The ING Savings Account is currently paying a 0.5% (@10.12.2009) Key Features are 0.50% AER £1 minimum investment Interest paid monthly Very simple online application form that takes about 10 minutes Available if you are 18+ You can set up as many as 10 different accounts allowing you to have different accounts for bills, holidays etc You will need to already have a UK bank account to be able to open up the ING direct Savings Account You can access your savings by transferring the savings to a linked account online or over the telephone Statements showing the value of your savings are issued quarterly by ING

ING Direct Savings Accounts and the Financial Services Compensation Scheme

ING Direct Savings Accounts are not covered under the UK financial services compensation scheme but they are covered under the Dutch Scheme. What this means for UK savers who have savings accounts with ING Direct is that you are covered under the DGS up to 100,000 Euros or 200,000 for joint accounts. Full details of the Dutch Deposit Guarantee Scheme can be found on the ING Direct Savings Account website.

About ING Direct

ING Direct is a fully owned subsiduary of ING Group. ING Group has its headquarters in the Netherlands and over 1,000,000 customers in the UK and about 85,000,000 worldwide. As well as savings accounts ING Direct provides mortgages and home insurance products.