Reply To: Spanish Banks: have your say.

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@Stevev6 wrote:

Hi to you all

So much has been written about Spanish banks and banking,much of which is about poor service and sky high charges.

I have noticed that ING the dutch bank now operate in Spain. on the web only(http://www.ingdirect,es),unfortunatly the site is in Spanish only but with my lmited understanding I can make out a bank account paying 4% interest and a mortgage product at 0.33 over eurobar both without commisions.

Is this correct, to good to be true!

I’d take that if I could get it. It’s 5.11% in all, fixed for 3 years. But why is it so cheap? Do the people providing the money expect euribor rates to go down? Or are they simply providing an efficient service to their customers?