Hi

have got £3600 in Abbey isa and just opened a new ING savings account for £14000 and hope to add £200 a month. i will need acess tho my savings as geting work done on house. is this the best place for my money to be????

It would be entirely useful if you bothered to explain the restrictions on the ING account.

Apologies

its a variable rate of 6.5% AER (including a 1.66% bonus fixed for 12 months)

No penalties so you can move your money whenever you like

I am concerned though that its a Dutch bank and how easy would it be to get my money back if it gets in trouble?

I have been in the ING bank for a number of years now and have never had any problem moving my money. The only thing I feel is disadvantageous is that the normal interest rate is not good. I only receive 4.75%. It is only new customers that get the 6.5% rate so I am now looking to move my money.

big mo

Hello Big mo. Recently moving money myself and considered kaupthing - better interest than ing but still a dutch bank I believe. The usual cover for savings applies if things go pear-shaped but it is in the passport protection scheme.

Hi,

ING Direct in the UK is regulated by the FSA and a subscriber to the UK Banking Code (info on their website) so you are covered for the first £35k as with any other UK bank. I personally closed my ING account a couple of yrs ago due to falling interest rates and I now have most of my savings with the Icelandic bank Kaupthing Edge (again covered by FSA/Banking code) - 6.55% guaranteed until Feb 2012. My other savings are with B & B...well...Abbey Santander now. On that note I can't believe B & B did not put an announcement on their website re the nationalisation until yesterday and are still advertising heavily on TV (maybe they bought alot of advertising space in advance?)