|
|
Article: ING Direct pays out $500m in interest.
- Article from:
- Australasian Business Intelligence
- Article date:
- April 3, 2003
CopyrightCOPYRIGHT 2003 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Apr 03, 2003 (Australian Banking & Finance - ABIX via COMTEX)
ING Direct, which began operating in Australia in August 1999, has reached a major milestone. Vaughan Richtor, the CEO of ING Direct Australia, says it has now paid out $A500 million in interest. He says that all interest earned by ING Direct customers remains in their account, as ING Direct has no bank fees whatsoever. He says that someone who had opened an account of $A10,000 when ING Direct was launched, and had
neither added to it or withdrawn from it, would by now ...