Saving feels good?

Today we received a letter from ING to say that our "bonus rate" has ended. From now on, we'll be getting their "standard variable savings rate", currently 0.5%.

So what's on offer?

• A Bonus Saver account at 2.00% until 31 December 2011 ... if we don't make a withdrawal. Make a withdrawal, and the rate drops to 0.40%.

- or -

• a "range of Fixed Rate Savings Accounts" where we can earn "up to 3.0%" !

This with CPI at 3.2%, RPI at 4.5%, and RPIX at 4.6%.


Of course, that won't stop HMRC from taxing us on the interest!

And ING has the chutzpah to suggest that "Saving feels good".