Fixed Rate Savings Accounts
Exclusively for existing savings customers
Our Fixed Rate Savings Account is available exclusively to our existing savings customers who hold an ING Direct Savings Account
12 month term - 2.5% AER
(2.50% gross p.a) fixed for 12 months. Minimum balance £1,000, maximum £100,000
(2.50% gross p.a) fixed for 12 months. Minimum balance £1,000, maximum £100,000
To take advantage of this great rate you need to hold an ING Direct Savings Account so that you can easily move you funds into your Fixed Rate Savings Account.
If you don't already hold an ING Direct Savings Account, opening an account is simple and will only take a matter of minutes. Please click here to open an account.
Fixed Rate Savings
- Interest rate fixed for 12 months
- Minimum opening balance £1,000, maximum £100,000
- After the fixed rate term ends, the balance and interest earned will automatically move back to your ING Direct Savings Account
- Early closure will result in a loss of interest. 90 days of gross interest will be deducted from the interest earned, or if you've earned less than 90 days interest, no interest will be paid to you
- Partial withdrawals are not permitted
Summary of information table
| Account Name | Fixed Rate Savings Account | |||
| Interest rates (AERs) |
2.50% AER (2.50% gross p.a) fixed for 12 months Minimum balance £1,000, maximum £100,000 | |||
| Tax Status | We will pay interest net of tax on all deposits under £50,000. However, if you deposit £50,000 or more, we will pay interest gross. Please note tax may still be payable and it will be your responsibility to declare this to HM Revenue & Customs. | |||
| Conditions for bonus payment: |
No bonus payable | |||
| Withdrawal arrangements | Early closure will result in a loss of interest. 90 days of gross interest will be deducted from the interest earned, or if you’ve earned less than 90 days interest, no interest will be paid to you. Partial withdrawals are not permitted. | |||
| Access | Web and telephone |
Click here
Open an account in minutes
*AER means Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid at the stated rate for 12 months and compounded once each year. Gross per annum is the annualised rate before deduction of tax at standard rate.