Originally Posted by bob_builder

That was the main reason that put me off the ING account. You may get 5% interest but because the only way to transfer money in and out of the account is via BACS you would lose a lot of that interest over the period of a year. Also it is not really an instant access account if you have to wait 3 days to get at your money.

So I went for the Nationwide eSavings account that offered a slightly lower interest rate but allows you to transfer money online to your FlexAccount and then take that money out from the nearest cash machine on the same day!
(Interestingly, I notice the Nationwide now offers the same 5% rate - no pun intended!)