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%.
- a "range of Fixed Rate Savings Accounts" where we can earn "up to 3.0%" !
Of course, that won't stop HMRC from taxing us on the interest!
And ING has the chutzpah to suggest that "Saving feels good".