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Personal Term Deposits

Personal Term Deposits


5.05 % p.a.

1 year term

Earn a high fixed interest rate over the term of your choosing. On deposits of $10,000 or more - no fees.

Learn about ING term deposit accounts

A high interest rate guaranteed for the term. You choose the timeframe.


Why open a Personal Term Deposit?

  • Competitive term deposit interest rates

    Get a high interest rate guaranteed for your timeframe of choice on deposits of $10,000 or more.

  • Pay no account fees

    With every cent deposited earning you interest, all your money gets the chance to grow.

  • Know your savings are guaranteed

    Combined savings balances up to $250,000 per customer are guaranteed by the Australian Government.

Open your Personal Term Deposit in minutes.
Rates and fees

Compare term deposit rates

Competitive interest rates, fixed for the term. Minimum opening deposit of $10,000.

Interest Rates

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)

Open your Personal Term Deposit in minutes.

Got a question about Personal Term Deposits?

Chances are, you'll find the answer in our FAQs.

Here are some of the more common questions we get asked:

Open your Personal Term Deposit in minutes.
How to get started

Put your money to work

1. Open your term deposit

The fastest way to do this is online. In a few simple steps, you'll be ready to start saving. You can do it over the phone 24/7, too.

Open now

2. Choose your maturity option

Tell us what to do with your money when the term ends.

3. Grow your savings

Rollover your principal and interest to see your savings grow.

To open a Personal Term Deposit, you need a minimum deposit of $10,000.

You must be:

An account holder using the product for personal use (if it's for your business, see our Business Term Deposit 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 term deposit 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? Sign up for a Personal Term Deposit now.