How can we help?
Popular searches
back to results
Related Questions
If you can't find your answer, contact us:
Message us

Reach out or reply anytime, anywhere with convenience. Your banking needs, answered in 24 hours by logging into the ING app or your online banking. To find Messages, look in the left hand menu to leave us a message.

Savings Booster

Savings Booster

The account
that rewards
you for saving.

  • Just one simple step to unlock the Boost rate
  • Base rate that's always on even when you're off
  • No ING fees so every cent you save stays yours
Open account

Savings account

Saving is in.

New to ING savings? Earn up to

% p.a.

Variable for 4 months on up to $500K. Includes Welcome + Boost + Base rates

Then, earn up to

% p.a.

Variable up to $500k.
Includes Boost + Base rates

Get growing with the all-new Savings Booster.

To unlock the Boost rate, just grow your balance by $100 or more by the end of each month.

Open Savings Booster Rates & eligibility

You'll need an active Orange Everyday account.

To open a Savings Booster, you need an active Orange Everyday account in the same name. If you don't have one already, you can open one at the same time. Joint applicants will need to open an Orange Everyday first.

Orange Everyday

Interest breakdown

Boost your savings with rewarding rates.

For new to ING savings customers for 4 months

Earn up to % p.a. (variable).

Includes:

  • Welcome rate of % p.a. for the first four months on balances up to $500K.
  • Boost rate of % p.a. on balances up to $500K when you grow your balance by $100 or more each month (excluding interest).
  • Base rate of % p.a. on balances up to $2 million.
Open Savings Booster
  • % p.a.
  • Welcome rate % p.a.
  • Boost rate % p.a.
  • Base rate % p.a.
  • $0
  • $500k
  • $2 million

No interest applies to any portion of an account balance over $2 million

See Rates Schedule

After the first 4 months, or if you're not new to ING savings

Earn up to % p.a. (variable).

Includes:

  • Boost rate of % p.a. on balances up to $500K when you grow your balance by $100 or more each month (excluding interest).
  • Base rate of % p.a. on balances up to $2 million.
Open Savings Booster
  • % p.a.
  • Boost rate % p.a.
  • Base rate % p.a.
  • $0
  • $500k
  • $2 million

No interest applies to any portion of an account balance over $2 million

See Rates Schedule

Why open a Savings Booster?

  • Earn extra interest with the Boost Rate when you grow your balance by $100 or more each month (excluding interest), on balances up to $500K.
  • Base rate that's always on, even when you're off. Earn an ongoing interest rate on balances up to $2 million.
  • No ING fees so every cent you save stays in your account to work towards growing your balance.
  • Everyday Round Up - set up round ups on Orange Everyday card purchases and automatically save your spare change.
Open Savings Booster Everyday Round Up

Put your money to work.

1

Sign up now

Open a Savings Booster online. You need an active Orange Everyday account in the same name. If you don't already have one, you can open one at the same time. Joint applicants will need to open an Orange Everyday first.

Open Savings Booster
2

Move your money

Make a deposit into your Savings Booster and start earning interest.

3

Download the app

If you'd like to access your account on the go, simply download the ING app named 'Do your thing' from your device app store.

You'll need...

To meet the eligibility requirements

A valid ID (e.g. Physical driver's licence, Passport or Photo ID card)

Approx 5-10 min

Open Savings Booster Eligibility requirements

To open a Savings Booster, you need an active Orange Everyday account in the same name. If you don't have one already, you can open one at the same time. Joint applicants will need to open an Orange Everyday first.

Orange Everyday

The ING App

Manage your account
anywhere, anytime.

Track towards the Boost rate each month

Transfer funds on the go from your phone

Stay alert with instant push notifications

Download the ING app named 'Do your thing'. The official app developer name is 'ING Australia'

Download on the App Store Download on the App Store

Got a question about Savings Booster?

Chances are, you'll find the answer in our FAQs. Here are some of the more common questions we get asked:

What is the ING Savings Booster and what interest rate will I earn?

The ING Savings Booster is a variable interest savings account which lets you earn up to % p.a. variable for the first 4 months on balances up to $500,000, if you're new to ING savings and meet the monthly Boost rate criteria.

You can earn up to % p.a. variable interest on balances up to $500,000 for the first 4 months (if eligible). This is made up of:

  • a % p.a. variable Welcome rate (available for new to ING savings customers only),
  • a % p.a. variable Boost rate when you grow your balance by $100 or more each month (excluding interest), and
  • a % p.a. ongoing variable Base rate.

If you are not eligible for the Welcome rate, you can earn up to % p.a. variable interest on balances up to $500,000. This includes:

  • the % p.a. variable Boost rate when you grow your balance by $100 or more each month (excluding interest), and
  • the % p.a. ongoing variable Base rate

The % p.a. ongoing variable Base rate applies to balances above $500,000 and up to $2 million. No interest is paid on any portion of your balance above $2 million.

You are eligible to open a Savings Booster account if you:

  • are at least 18 years old,
  • an Australian resident for tax purposes,
  • have a valid Australian phone number and residential address,
  • hold or open an active Orange Everyday account in the same name,
  • are able to submit your application online for yourself,
  • don't already hold a Savings Booster in the same name
  • are using the account for personal use.

To qualify for the Savings Booster Boost rate, your balance by the last day of the month must be at least $100 higher than your balance at the end of the previous month (excluding any interest earned).

To qualify for the Savings Booster Welcome rate, you and any joint account holder must not have previously held a personal savings account with ING. The Welcome rate applies for the first 4 months from account opening on balances up to $500,000 and is paid on top of the Base rate and, if eligible, the Boost rate.

You can withdraw money from your Savings Booster anytime by transferring funds to your:

  • Orange Everyday
  • Savings Maximiser, Savings Accelerator, Mortgage Simplifier or Orange Advantage that's linked to an Orange Everyday, or
  • another Savings Booster.

You can use your Orange Everyday to withdraw cash, make payments or transfer funds to an external bank account.

To qualify for the Boost rate, your eligibility will be assessed at 11:59 PM Sydney time on the last calendar day of the month.

Boost interest is calculated daily based on your account balance and paid monthly into your Savings Booster account on the first day of the following month when the Boost eligibility criteria is met.

No. Interest does not count towards the $100 increase required to meet the monthly Boost rate criteria.

For example, if your balance is $10,000 at month end and you earn $25 in interest, taking your total to $10,025, the following month you would need to grow your total balance to $10,125 ($10,000 + $25 + $100) to qualify.

If you don't meet the monthly Boost rate criteria, you won't earn the % p.a. variable Boost rate for that month. The % p.a. ongoing variable Base rate will still apply to balances up to $2 million, and, if you're eligible, the % p.a. Welcome rate will still apply to balances up to $500,000.

You can qualify for the Boost rate again in a future month by increasing your balance by at least $100 by the last day of that month compared to your balance at the end of the previous month (excluding any interest earned).

More FAQs