ING DIRECT will lower the interest rate on its variable mortgages by 0.25%, effective Friday 20th February 2015.

Following this reduction, the rate on ING DIRECT’s Mortgage Simplifier product will be 4.97% p.a.

ING DIRECT has a mortgage book of $38 billion.

ING DIRECT spokespeople are available for comment on home loans or interest rates. Please contact Kristen Costandi, ING DIRECT PR Manager, to arrange an interview.

Media contact:

Kristen Costandi
PR Manager, ING DIRECT
T: +61 2 9018 5160
M: +61 413 317 225
E: kristen.costandi@ingdirect.com.au

About ING DIRECT

ING DIRECT changed the way Australians bank 15 years ago by launching the country’s first high interest, fee free online savings account. Since then, we’ve brought this low fee value to home loans, transactional banking and superannuation. With over 1.5 million customers – and $32 billion in savings and $38 billion in mortgages – ING DIRECT has one of the highest Net Promoter Scores of any other bank in Australia. Please note ING DIRECT is never abbreviated to ING.