Savings interest rates
Do your thing with our great range of savings products with no fees! Check out our rates below to learn more.
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)
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
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)
Savings Accelerator
High interest tiered savings account with no monthly requirements
Kick starter offer
New to ING savings? Get a variable kick starter rate for your first 4 months when you open a Savings Accelerator account. The variable kick starter rate of % p.a., applies to balances up to $500,000, on top of the ongoing variable rate. For any portion of your balance over $500,000, the ongoing variable interest rate will apply. Available for new to ING savings customers on their first Savings Accelerator account. You can check your current interest rate anytime in the ING app or online banking.
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
Ongoing variable interest rate
After the first 4 months or if you're not new to ING savings, 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).