ING rewards customers with extended high interest rate and fee rebate offers

MANILA, Philippines — As the first month of 2020 comes to a close, banking with ING has just gotten better. The all-digital bank is extending two ongoing offers to help customers reach their savings goals faster:

•Four percent interest rate per annum: Customers will continue earning 16 times more in interest rate compared to most retail banks. There is no minimum amount required to earn the high interest rate. Plus, there is no lock-in period so customers have full control of their money anytime, anywhere.

•Fee rebate of other banks’ transfer fees: Customers will receive a fixed rebate of P100 for every successful electronic bank transfer via PESONet or InstaPay, for up to two transactions per month.

Mohamed Keraine, head of retail at ING Philippines, said, “We received very encouraging response since the launch of the two offers last year. The take-up rate of our offers is an indication that our customers understand the importance of savings and are extremely receptive to digital banking as soon as their pain points are addressed. By extending these offers, we want to continually remove a key barrier that previously hinders our customers from fully enjoying the benefits of having an ING Savings Account.

The P100 fee rebate offer complements the high savings interest rate of four percent per annum for new and existing customers.

“When we launched the ING mobile app in November 2018, we demonstrated that banking can truly be simple, easy and personal. When banking processes no longer interrupt people’s daily lives, we hope that everyone can better prepare for the future and surprises in life,” Keraine added.

ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank.