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If ING DIRECT increase/decrease the Personal Term Deposit rates, will they apply to my Personal Term Deposit?

April 26, 2017deposit increase ing rates term

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If ING DIRECT increase/decrease the Personal Term Deposit rates, will they apply to my Personal Term Deposit?

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No. If you have already opened a Personal Term Deposit, the interest rate will remain fixed for the duration of the term. The interest rate that applies to an ING DIRECT Personal Term Deposit is the interest rate that is current on the date the Personal Term Deposit is opened.