Savings interest rate changes
Here's how interest rates are changing for ING savings accounts and when they become effective.
Variable interest rate
Effective from 10/02/2026
5.00% p.a. high variable rate (made up of the standard variable rate and 4.99% p.a. additional variable rate) for customers who also have an Orange Everyday Bank account and do these things each month.
1. Deposit at least $1,000 from an external source to any personal ING account in their name (excluding Living Super and Orange One)
2. Make 5 or more settled (not pending) eligible ING card purchases
3. Grow their nominated Savings Maximiser balance (excluding interest earned for the current month).
When the criteria is met in a calendar month, the benefits and additional variable rate will apply in the next calendar month. Available on one account for balances up to $100,000.
The standard variable rate is 0.01% p.a.
5.00% p.a. high variable rate (increased from 4.75% p.a.), made up of:
4.99% p.a. additional variable rate for eligible customers (increased from 4.74% p.a.)
0.01% p.a. standard variable rate
Variable interest rate effective from 10/02/2026
Kick starter offer – for the first 4 months for new to ING savings customers
Available on accounts opened from 10 February 2026.
Accounts with balances $150,000 - $500,000 – 5.40% p.a. variable
Accounts with balances $50,000 - $149,999.99 – 4.45% p.a. variable
Accounts with balances $0 - $49,999.99 – 3.55% p.a. variable
These rates include the variable kick starter rate of 1.05% p.a., which applies on top of the ongoing variable rate on balances of up to $500,000 for 4 months from the date of account opening (that is, the date an account number is issued). For balances over $500,000 the ongoing variable interest rate will apply. The advertised kick starter rate doesn’t apply to accounts opened before 10 February 2026 – you can view your current rates through Online Banking or the Mobile App.
Ongoing variable interest rate
Accounts with balances $150,000 - $5,000,000.00 – 4.35% p.a. variable
Accounts with balances $50,000 - $149,999.99 – 3.40% p.a. variable
Accounts with balances $0 - $49,999.99 – 2.50% p.a. variable
The rates for each balance tier apply to the entire account balance, up to the limits stated.
The combined total deposits in all your Savings Accelerator account(s) shouldn't exceed $5 million, whether account(s) are in individual or joint name(s).
Fixed interest rate effective from 17/12/2025 – for new and existing customers rolling over on or after this date
4.15% p.a. – 90 day term
4.15% p.a. – 120 day term
4.30% p.a. – 180 day term
4.00% p.a. – 210 day term
4.30% p.a. – 270 day term
4.00% p.a. – 330 day term
4.30% p.a. – 1 year term
3.90% p.a. – 2 year term
Minimum opening deposit of $10,000.
