ING Direct - status
Discussion
Hi All, I've got an ISA and some savings with Dutch based ING. Its share price has been dropping continuously over the last few weeks amid rumours (unfounded as yet) that the bank can't service interest on bonds and that the Netherlands govt are planning a bail out.
Anyone know anything? And should I consider moving this money to somewhere safer?
Anyone know anything? And should I consider moving this money to somewhere safer?
tting themselves!Leaving my funds in there due to the Dutch government backing. May move half to my Barclays current account - it's not as if it's earning any real interest in the ING account again?
Mind you, don't want to just withdraw for the hell of it - that's how runs on banks start. Will keep an eye.
Mind you, don't want to just withdraw for the hell of it - that's how runs on banks start. Will keep an eye.
Its my understanding that ING is predominantly a savings bank and as a result is pretty much resistant to the issues with investments that others have made. Its one of the stronger and less affected banks, but that doesn't say that they shouldn't be carefully watched. I would suggest that they are fine though.
off_again said:
Its my understanding that ING is predominantly a savings bank and as a result is pretty much resistant to the issues with investments that others have made. Its one of the stronger and less affected banks, but that doesn't say that they shouldn't be carefully watched. I would suggest that they are fine though.
That's the direction they're going in from now on!
They funded my DB9 and lots and lots of other heavily depreciating assets, the crazy fools!
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