The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: mrs.zara on February 24, 2016, 10:53:19 PM
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Hi Im considering shifting savings to ING as they have 3.5% interest. But Im a bit nervous, I do not know anybody else who does. And I have only ever banked with the Big 4.
Look fw to your thoughts
MT
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I've been with ING for a few years, for a while I just had the high interest online savings account and now I have my general transaction account (2% cash back on paypass purchases under $99!) there as well.
I'm so happy with them, I'll even share my referral link with you :)
ingdirect.com.au/refer
Friend code:CBA510
this is worth $75 bucks to ya (and me) if you set up an Everyday account with them.
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I'm not familiar with ING Direct but its parent company, ING Group, is one of the big three in the Netherlands; it serves millions of customers. I have a current account and a savings account with its Dutch subsidiary, ING Bank N.V., and I'm generally happy. It's no less of a reputable business than any other bank. ;) My only beef with ING Bank N.V. is that their strong market position allows them to give only a pittance in interest compared to smaller Dutch banks, but that doesn't seem to be the case with ING Direct in Australia.
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I feel fine banking with ING. And don't forget, the Australian Government guarantees deposits up to $250 000, per account holder, per institution.
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Have my super with them and wife uses them for everyday savings - never an issue