ING Direct has introduced a short-term bonus for new customers opening an ING Direct Savings Account.
The 12-month 2.22 per cent bonus increases the overall rate of interest to 2.72 per cent, which is paid on a monthly basis.
However, after the first year the rate will revert to 0.5 per cent.
There are no charges for withdrawals and no minimum or maximum requirements when it comes to monthly deposits.
Both phone and internet banking are available for the savings account.
Customers need to set up a direct debit between their current account and the ING Direct Savings Account to enable money to be moved by phone or online.
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