ING announces customer savings with significant fee reductions
In a move to provide objective content and inform independently, ING, Germany's favourite bank, has introduced a new action for its deposit customers. This new initiative aims to help customers save a substantial amount of money.
ING is renowned for its user-friendly interface, advanced online banking, and favourable fee structure. Now, the bank is offering over 1,000 ETFs at discounted prices in savings plans, currently at 0 euros. This means that customers can save a significant amount of money through this new action. For instance, a monthly order of 1,000 euros can result in a savings of 60 euros in order fees by the end of March.
Moreover, until June 30, 2025, ING offers 220 ETFs and ETCs at discounted prices in direct trading. This offer is available to both existing and new deposit customers at ING.
ING's fee-waiving action for deposit customers includes waiving fees if customers deposit a certain amount monthly. For example, ING waives account-keeping fees if you deposit at least $2,000 each month or meet other criteria like being under 30 or a full-time tertiary student.
In addition, ING has introduced a new savings account offer, the Savings Maximiser account, which offers 5.00% interest on balances up to $100,000. To qualify, customers must deposit at least $1,000 into any personal ING account each month and make at least five settled purchases with an ING debit or credit card monthly. There are no ongoing account-keeping fees on either the savings account or the linked transaction account.
Furthermore, ING refunds ATM fees if certain conditions are met, such as making monthly deposits, which can further reduce banking costs.
These measures together can reduce banking and transaction costs significantly for ING deposit customers. The usual cost for these transactions is 4.90 euros plus 0.25 percent of the share value, making these savings quite substantial.
For more information about ING's current savings account offer, you can read the article "ING with new savings account offer: These are the current interest rates at Germany's favourite bank". The comparison sometimes uses affiliate links for remuneration, but this does not influence the content.
ING scored 82 out of 100 points in the BÖRSE ONLINE Broker Comparison. The bank's new action for deposit customers, waiving fees for the purchase of active funds in direct trading until March 31, 2025, is undoubtedly worth considering for those looking to save on banking and transaction costs.
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Investing in a savings plan through ING can help customers save on ETF fees, as the bank offers over 1,000 ETFs at discounted prices. The fee-waiving action for deposit customers also applies to the purchase of active funds in direct trading until March 31, 2025, which is advantageous for those aiming to save on banking and transaction costs.
