Features
Why open a Savings Accelerator?
Open your Savings Accelerator in minutes
Savings Accelerator
Savings Accelerator
Open my accountEarn up to
5.20% p.a.
Variable rate (4 months)
Then earn up to
4.70% p.a.
ongoing variable rate
New to ING savings? Depositing $150,000 or more? Don't miss out on this rate!
Open a Savings Accelerator from 9 August 2024 and roll higher with our % p.a. variable kick starter offer. This includes a % p.a. variable kick starter rate for the first 4 months on balances up to $500,000. After that, roll on with our 4.70% p.a. variable ongoing rate. This special kick starter rate is for a limited time only, don't miss out - open an account today!
Savings Accelerator
A tiered savings account, with a high variable interest rate.
Rates and fees
No fees, great rates
With no ING fees, the interest you earn is all yours.
Balance
Interest Rates
Kick starter offer - First 4 months
Available to new to ING savings customers on accounts opened from 9 August 2024, these rates include the variable kick starter rate of % 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 9 August 2024 – you can view your current rates through Online Banking or the Mobile App.
Accounts with balances $150,000 - $500,000
Accounts with balances $50,000 - $149,999.99
Accounts with balances $0 - $49,999.99
Ongoing variable interest rate
Accounts with balances $150,000 - $5 million
Accounts with balances $50,000 - $149,999.99
Accounts with balances $0 - $49,999.99
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).
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).
Open your Savings Accelerator in minutes
Tools and calculators
Figure out what you need
In planning mode? Use these tools and calculators to see how you can save.
Tips, hints and guides
Forms
Calculators
FAQs
Got a question about Savings Accelerator?
Chances are, you'll find the answer in our FAQs.
Here are some of the more common questions we get asked:
Open your Savings Accelerator in minutes
How to get started
Put your money to work
1. Sign up online
Open a Savings Accelerator online, or over the phone 24/7. Make a deposit and start earning interest.
2. Higher balance, higher rate
Earn a high variable interest rate on balances of $50,000 and over. And get an even higher rate for balances over $150,000.
3. Access when you want it
There's no lock-in term. You can move your money when needed by making a simple funds transfer.
When opening your account:
To open a Savings Accelerator, you must be:
An account holder using the product for personal use (if it's for your business, see our Business Optimiser account)
An Australian resident for taxation purposes
Aged 18 years or over
You'll need to give us:
An Australian residential address and telephone number
Linked bank account details to link to your Savings Accelerator account
A Tax File Number or exemption code (otherwise tax is deducted at the highest marginal rate)
An existing Client Number (if you're already with ING)
Ready? Open a Savings Accelerator now.