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ING Direct or Alliance & Leicester On-Line

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Old 11 July 2005, 01:08 PM
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Remster
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Default ING Direct or Alliance & Leicester On-Line

Anyone invest with either of these guys? They seem to be offering the best on-line savings rates at the moment. Is ING still 5.0% and A&L 4.5%?

Got £10k to stick away but might need access at short notice so can't tie up.

Alternatively, it would probably be best put in my linked mortgage offset account which will pay 5.25%.

Last edited by Remster; 11 July 2005 at 01:10 PM.
Old 11 July 2005, 01:22 PM
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suprabeast
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think youve answered your own question there havent you
Old 11 July 2005, 01:43 PM
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InvisibleMan
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yes ING is still 5% & A&L is 4.5% unless youve got an account with A&L already in which case it is higher
Old 11 July 2005, 01:44 PM
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PCatWork
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you will be taxed on the interest accounts but not on your off-set mortgage, so the latter is the one to go for.
Old 11 July 2005, 04:21 PM
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Petem95
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I thought A&L's online account was 5.35%?

Im with ING with is 5%, and I was going to open an account with A&L but you need a doctors signiture etc for all the account openning forms.

Get the feeling ING are likely to be a good long-term bet. A&L and the other banks/BS's tend to offer short term excellent rates to get customers, then cut the rates back.
Old 11 July 2005, 05:41 PM
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InvisibleMan
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im with A&L. yeah it was 5.35% now its 5%. Didnt need to have any signatures though
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