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ING DIRECT - 7.90% p.a. Promo Rate for Everyone - One Of Highest Around

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ING DIRECT - 7.90% p.a. Promo Rate for Everyone - One Of Highest Around
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Bargain4U on 07/05/2008 - 18:55 ingdirect.com.au (341 clicks)

7.90%p.a. variable interest from 9 May to 30 September 2008 for all for new and existing Savings Maximiser customers.

How it works:

  • New customers:
    Open a Savings Maximiser account between 9 May 2008 and 30 September 2008 and receive a special promotional rate of 7.90% p.a. variable interest on the balance of your account until 30 September 2008.

  • Existing customers:
    Everything you deposit above the balance of your Savings Maximiser as at 11.59pm on 24 April 2008 will earn a special promotional rate of 7.90% p.a. variable interest from 9 May 2008 until 30 September 2008. Everything up to the balance of your Savings Maximiser (as at 11.59pm on 24 April 2008) will continue to earn 6.90% p.a. standard variable interest.

(Edited by scotty — add "one of" to title)

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closed Comments

  • scotty on 07/05/2008 - 19:53

    How is this higher than BankWest TeleNet Saver promotion at 8.25% until 1 Jan 2009?

    • Bargain4U on 07/05/2008 - 19:56

      It's not 'the highest around' but is one of the highest around. Hope that answers your question. :)

      • scotty on 07/05/2008 - 19:57

        Alright. I must have missed the "One of" bit :)

  • HueyData on 07/05/2008 - 20:06

    Thumbs up from me.

    About time considering how unfavourably the 6.90% standard variable rate compares to other savers.

  • [Deactivated] on 07/05/2008 - 20:19

    Bankwest also offers the higher rate to existing account holders based on funds in excess of what was in the account as at 30th April. BUT it goes to january next year which is a further 4 months longer than ING. Given its also .35% higher. Bankwest is also opening branches throughout the Eastcoast - ING isn't. I think ING are resting on their past reputation.

    You may want to edit title to show the "one of" rather than as it implies it "IS the"

    • scotty on 07/05/2008 - 20:22

      I think ING are resting on their past reputation.

      Or are too lazy to transfer the fund out (which I personally know many are!)

  • Bargain4U on 07/05/2008 - 20:33

    Well I think ING DIRECT will be changing focus when they launch their own everyday transaction account later this year or early next year. From what I know it will be a totally fee free account with BPAY, VISA or MasterCard debit card and access to any ATM.

    • HueyData on 07/05/2008 - 21:41

      That sounds good. Link?

  • SomeGuyOnOzB on 21/05/2008 - 14:53

    Did the calculations for myself, comparing money already in Raboplus, earning compound interest everyday, compared with transferring money to my chequing account, funds clearing, then to ING. Even if it's only 5 days to clear at 0% … ING's extra 0.01% isn't worth it for me.

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