Savings interest rates
Do your thing with our great range of savings products with no fees! Check out our rates below to learn more.
Base rate
Applies to balances up to $2 million.
0% p.a. applies on any portion of your account balance that exceeds $2 million
variable rate
Boost rate
The Boost rate applies in addition to the Base rate and, if applicable, the Welcome rate.
Eligibility
• The Boost rate will apply to the account in any calendar month where the balance is at least $100 higher at the end of the month than it was at the end of the previous month.
• Any interest earned doesn't count towards satisfying this requirement.
• Eligibility is assessed at the end of the month.
Limits
The Boost rate applies on balances up to $500,000.
variable rate
Welcome rate
The Welcome rate applies in addition to the Base rate and, if applicable, the Boost rate.
Eligibility
• The Welcome rate only applies to an account where you (or any joint account holder) have not previously held a personal savings account with ING.
Limits
The Welcome rate applies
• on balances up to $500,000,
• for a period of 4 months from the date of account opening.
variable rate
Some examples of how these rates may apply to you
If the Welcome rate + Boost rate + Base rate apply, you could get:
variable rate on balances up to $500,000. Welcome rate applies for 4 months.
If Boost rate + Base rate apply, you could get:
variable rate on balances up to $500,000.
The Base rate applies to all accounts. Balances between $500,000 and $2 million will earn interest at the Base rate only. No interest applies to any portion of an account balance over $2 million.
Savings Accelerator
Earn a high interest rate on your savings with no monthly requirements. Savings Accelerator keeps things simple, with interest on balances up to $5 million.
The following variable interest rates apply to the portion of your account balance within each balance tier:
Portion of your balance $0 - $250,000.00
Portion of your balance $250,000.01 - $500,000.00
Portion of your balance $500,000.01 - $2,000,000.00
Portion of your balance $2,000,000.01 - $5,000,000.00
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).
Personal Term Deposits
Competitive interest rates, fixed for the term. Minimum opening deposit of $10,000.
3 months (90 days)
4 months (120 days)
6 months (180 days)
7 months (210 days)
9 months (270 days)
11 months (330 days)
1 year (365 days)
2 year (730 days)
Variable rate
For customers who also have an Orange Everyday bank account and do these things each month:
1. Deposit $1,000+ from an external source to an Orange Everyday, Savings Maximiser, Savings Accelerator, Personal Term Deposit, ING Personal Loan or ING Home Loan in your name.
2. Make 5+ card purchases (settled, not pending) and
3. Grow their nominated Savings Maximiser balance (excluding interest).
Available on one account for balances up to $100,000 with the additional variable rate applied the month after eligibility criteria has been met.
variable rate (incl. % p.a. additional variable rate)
Standard variable rate