{"id":972,"date":"2011-07-14T01:57:21","date_gmt":"2011-07-13T15:57:21","guid":{"rendered":"https:\/\/newsroom.ing.com.au\/?p=972"},"modified":"2016-08-30T14:28:14","modified_gmt":"2016-08-30T04:28:14","slug":"ing-direct-leads-market-with-new-fixed-rates","status":"publish","type":"post","link":"https:\/\/newsroom.ing.com.au\/ing-direct-leads-market-with-new-fixed-rates\/","title":{"rendered":"ING DIRECT leads market with new fixed rates"},"content":{"rendered":"<p>ING DIRECT recently reduced its shorter term fixed rates, resulting in market leading rates that sit well below competitors\u2019 variable rates. Its one year rate is 6.79% and both two and three year rates sit at 6.99%.<\/p>\n<p>ING DIRECT\u2019s Head of Broker Sales, Mark Woolnough says it\u2019s part of the bank\u2019s strategy to be an even stronger player in the ever-competitive lending landscape, and adds to the list of positive mortgage initiatives the bank has implemented in the past year.<\/p>\n<p>\u201cEven though the expectation of an increase in the cash rate has diminished, we\u2019re seeing a healthy appetite amongst borrowers for shorter term fixed rate loans, particularly given they sit below most variable rates on offer.\u201d<\/p>\n<p>Another factor contributing to the popularity of fixed rate loans at ING DIRECT is that customers have the flexibility to split their loan with ING DIRECT\u2019s competitive variable rate products, and they can choose their preferred product at expiry of the fixed rate.<\/p>\n<p>\u201cCustomers opt for our fixed rates for the certainty they provide but also because they have the option to move into another ING DIRECT loan, like the popular Mortgage Simplifier at no cost.<\/p>\n<p>\u201cThis gives customers the best possible option for them and maintains a broker\u2019s trail income in the process,\u201d said Woolnough.<\/p>\n<p><strong>Media contact:<\/strong><br \/>\nCaroline Thomas, ING DIRECT<br \/>\nPh: 02 9018 5160<br \/>\nEmail: <a href=\"mailto:caroline.thomas@ingdirect.com.au\">caroline.thomas@ingdirect.com.au<\/a><\/p>\n<p><strong>About ING DIRECT<\/strong><br \/>\nING 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\u2019s fifth largest retail bank, with $24 billion in deposits, more than $37 billion in loans and around 1.4 million customers.<br \/>\nPlease note ING DIRECT is never abbreviated to ING.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ING DIRECT recently reduced its shorter term fixed rates, resulting in market leading rates that sit well below competitors\u2019 variable rates. Its one year rate is 6.79% and both two and three year rates sit at 6.99%. ING DIRECT\u2019s Head of Broker Sales, Mark Woolnough says it\u2019s part of the bank\u2019s strategy to be an […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-972","post","type-post","status-publish","format-standard","hentry","category-property"],"acf":[],"_links":{"self":[{"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/posts\/972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/comments?post=972"}],"version-history":[{"count":3,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/posts\/972\/revisions"}],"predecessor-version":[{"id":1620,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/posts\/972\/revisions\/1620"}],"wp:attachment":[{"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/media?parent=972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/categories?post=972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/tags?post=972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}