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ING vs USaver

Discussion in 'Money Management' started by rafael84, 5th Dec, 2009.

  1. rafael84

    rafael84 Member

    28th Oct, 2009
    Brisbane, QLD
    Hi, I just opened an ING account about 6 weeks ago, because I was lead to believe they had the highest rate.

    I've now learnt of USaver which seems to offer a 5.56 rate with an ASP.

    I thought ING offered 5.25, but I only seem to be getting 4.00?

    Is it easy to close the ING account and put all my current savings into a new USaver account, which i'd like to do. Interest will be substantially different over a year of saving.
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    9th Jun, 2005
    Sydney, Australia
    I have several USaver accounts - I think they are an excellent account, give far more flexibility than ING accounts and they have a higher rate too.

    Shouldn't be too hard to close the ING account - just transfer all your money back to your main account and call them.

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