What Barclays deal means for ING Direct UK customers

By Kevin Peachey
Personal finance reporter, BBC News

Published
image captionBarclays already has 15 million savings customers, making it one of the UK's biggest banks

Some 1.5 million retail customers of ING Direct UK - mostly savers - are to be transferred to Barclays Bank.

UK banking giant Barclays has agreed to buy ING's UK retail arm, taking on its £10.9bn deposits and £5.6bn mortgage book.

Customers with high levels of savings in both banks should take note, and some questions have been raised over the impact on competition on the High Street.

So what does it mean for retail customers?

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