Thursday, May 07, 2009

ING not so direct

I'm just gearing up to move my money from ING Direct.

When they started out they positioned themselves as a no nonsense bank, without special teaser rates.

Today they just told me their interest rates are down to 0.5% ( but special bonuses for "new customers"). Well five minutes on money super market has identified that Sainsbury's bank is offering 2% above BOE rate, that is where my money is moving and it will keep on the move whilst the banks insist on playing this kick the savers game.

If your bank is messing you around on savings, move your money. Its the only message they understand.

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