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ING DIRECT Increases Variable Savings Rates And Residential Variable Mortgage Rates By 0.25% PA

Published on 04/03/2010

ING DIRECT will increase its rates on all variable savings products by 0.25% pa effective from 8 March 2010.

ING DIRECT’s most popular savings account, the Savings Maximiser, will increase its promotional rate to 5.85%.

ING DIRECT will increase residential variable mortgage rates by 0.25% pa effective from 5 March 2010. ING DIRECT’s most popular product, Mortgage Simplifier, will increase to 6.19% p.a.

Existing residential mortgage variable rate customers will receive a letter advising them of the rate change from 15 March 2010.

Full details will also be published in national newspapers on 5 March 2010.

For further information and interviews, please contact:
David Breen
ING DIRECT
T: 02 9028 4347
M: 0412 933 060

About ING DIRECT:
ING DIRECT began operating in Australia in 1999. By doing business online, over the phone and through intermediaries, ING DIRECT keeps it overheads low and passes the savings onto customers in the form of competitive rates. Today, it has grown to become Australia’s fifth largest retail bank, with $21 billion in deposits, more than $37 billion in loans and around 1.4 million customers.

Please note ING DIRECT is never abbreviated to ING or ING Direct (i.e. the whole name should always be in upper case.

Media Enquiries

David Breen
Head of Corporate Affairs
0412 933 060
David.Breen@ing.com.au

Megan Landauro
Public Relations Manager
0413 317 225
Megan.Landauro@ing.com.au

ING
60 Margaret Street
Sydney NSW 2000

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