ING Direct is regulated by the Financial Services Authority for the conduct of UK business and as a Dutch bank, is authorised by De Nederlandsche Bank.
We also subscribe to the UK Banking Code and copies of the code are available on request, or from click here. We are also members of both the Dutch Investors Compensation Scheme and the UK Financial Services Compensation Scheme click here.
Our customers receive at least the same level of protection as customers of any other UK bank to which only the UK scheme applies.
Very interesting article here in Moneyweek click here I always beleived that "the higher the rate, the higher the risk" and rarely has it held true more than today. Remember BCCI? A lot of people lost a lot of money including local councils, greedy for a return above the rest of the market.
thanks for the link. My worry is how many banks can BofE bail out before they say enough is enough. I think they will go to the very limit to save the banks as GB is all about finance and a world center for it. I retiring at end of the month and looking somewhere to put my savings with a good return but safe too, was looking at cahoot but bank of santander appears on your link might just have to risk one.
It's been said that the savers' guarantee on funds held by all our banks will be raised to £60,000 soon. Anyone with over that amount is advised to open another account with another different bank to achieve the same safeguard on that surplus amount. TC.
A chap on TV yesterday that you need to spread savings about, but make sure all the banks have separate owners - ie not in Nat West and Royal Bank of Scotland as they're part of the same group so you only get a single £35k limit...