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ING Direct

ING (International Netherlands Group) is a global financial company providing a range of financial products and services. It holds over £1 trillion in assets and is ranked as one of the top 20 largest financial institutions in the world.

ING has Over 85 million customers worldwide across Europe, US, Canada, Latin America, Asia and Australia, with more than 1 million in the UK. Its main products include Savings accounts, Home Insurance and award winning Mortgages.
ING Direct is a division of the ING Group and is currently the world's leading direct savings bank.

It also boasts secure online banking with ING Direct and award winning UK based call centres. ING's UK head offices are located in Reading and Cardiff.

ING direct is covered by the Dutch compensation scheme rather than the British Financial Services Compensation Scheme (FSCS). However, the Dutch compensation scheme currently offers up to €100,000, which works out considerably more than the current UK limit of £50,000.

ING is widely regarded as one of the best providers of savings accounts in the market, offering customers great rates with no restrictions on savings, providing the freedom to deposit or withdraw your money at any time.

ING Direct was first launched in 2003, and has since become the world's leading direct savings bank, serving in excess of 17million customers worldwide.

As ING only operate online with no physical branches, they are able to keep their costs down, allowing them to pass these savings onto customers in the form of great rates. ING customers can manage their savings accounts online, by post and by phone.

ING Direct ISA's provide a simple and effective saving solution, providing great rates of interest that is not subject to the normal taxes applied to regular savings accounts.

You can start off your savings with anything from £1 and up to £3,600 and begin enjoying some great tax free rates on your balance.

Opening an account is easy and takes a couple of minutes. You cannot roll your tax free allowance over from previous years, so if  you haven't used up your £3,600 this year, you have before April 5th before the new tax year begins and the allowance is reset.
 
 ING Direct is the world’s leading direct savings bank
ING Direct Fixed Rate Bonds offer customers competitive interest rates on balances, plus a range of features and benefits to help your money work for you. With tiered interest rates, you will be rewarded for investing larger amounts, allowing you to get the best returns for your savings.

You must be an existing ING customer to open an ING Direct fixed rate bond. If you don't currently hold an account with ING Direct, you can open an ING Direct savings account enabling you to be able to transfer you funds from the savings account into your bond account.

After your Fixed Rate term ends the balance and interest will be transferred back into your ING Direct Savings Account. Interest is calculated daily and paid at maturity.