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Monday, March 19, 2007

How does ING earn money from accounts such as the amp;#39;Savings Maximiseramp;#39;? -

I was considering opening a Savings Maximiser account with ING, which apparently has no fees but gives out 6.25% interest pa. How do they earn money from this? Are there any other hidden costs?________They lend your money out at a higher rate, and the difference is their profit.

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