Compare all savings accounts
I know this is a good one
We sock our savings away until we need them and earn good interest on our money. We know it is there when we need to buy something or pay bills. I is for INTEREST N is for NO WORRY G is for GREAT PEOPLE/BANK Full review
We sock our savings away until we need them and earn good interest on our money. We know it is there when we need to buy something or pay bills. I is for INTEREST N is for NO WORRY G is for GREAT PEOPLE/BANK
Was this review helpful?
YesBest rates and very accessible customer service
This bank has no fees, even for an unpaid direct debit. Pays ATM fees for withdrawals $200 and above and adds extra 50cents for eftpos withdrawal $200 and above. Customer service is Australian and quite easily accessed 24/7. Full review
This bank has no fees, even for an unpaid direct debit. Pays ATM fees for withdrawals $200 and above and adds extra 50cents for eftpos withdrawal $200 and above. Customer service is Australian and quite easily accessed 24/7.
Was this review helpful?
YesING was a pioneer in high interest internet savings accounts but have since lost their competitiveness. Occasionally they will have nice offers for new customers - this is the only reason to recommend ING's savings account until you qualify for... Full review
ING was a pioneer in high interest internet savings accounts but have since lost their competitiveness. Occasionally they will have nice offers for new customers - this is the only reason to recommend ING's savings account until you qualify for the bonus and then empty your account. It is nice that ING from time to take give offers to existing customers but these are average at best.
Was this review helpful?
YesHigh interest rates usually aren't a good feature, except when it comes to savings! The saving accounts offered by ING have one of the highest interest rates on offer and the convenience of online banking means I can see my savings grow 24/7. Full review
High interest rates usually aren't a good feature, except when it comes to savings! The saving accounts offered by ING have one of the highest interest rates on offer and the convenience of online banking means I can see my savings grow 24/7.
Was this review helpful?
YesEasy to transfer and deposit money. Customer service is excellent. If I have any questions or queries. Interest rate is quite good. The one con is the less money you have in account the interest earned goes down quite alot. Full review
Easy to transfer and deposit money. Customer service is excellent. If I have any questions or queries. Interest rate is quite good. The one con is the less money you have in account the interest earned goes down quite alot.
Was this review helpful?
YesING Banking service: Fabulously the best service one could ask for. As a pensioner, every dollar counts and after being with other banks, ING Direct leaves them in a sinking boat. Full review
ING Banking service: Fabulously the best service one could ask for. As a pensioner, every dollar counts and after being with other banks, ING Direct leaves them in a sinking boat.
Was this review helpful?
YesSince being a customer of ING Direct I have found them to be both professional and courteous in their manner and dealings. I would highly recommend them to family and friends. Full review
Since being a customer of ING Direct I have found them to be both professional and courteous in their manner and dealings. I would highly recommend them to family and friends.
Was this review helpful?
YesThere are no account fees, no ATM fees and they are accesible 24hours via the internet. I'm a very happy customer. Full review
There are no account fees, no ATM fees and they are accesible 24hours via the internet. I'm a very happy customer.
Was this review helpful?
YesIt's easy and adaptable. easy and quick to access. It has to be linked to another account in order for you to get the money out, thus you are better able to save the money that goes directly into this account, and you are more conscious of the tra... Full review
It's easy and adaptable. easy and quick to access. It has to be linked to another account in order for you to get the money out, thus you are better able to save the money that goes directly into this account, and you are more conscious of the transactions you make from this account into the other, thus helping you to be more conscious about your spending and saving = win win!
Was this review helpful?
YesING Direct has no fees! And their customer service and online banking more than makes up for not having branches. Particularly if you are Gen Y and have a smartphone, ING Direct is the bank for you! Easy access to your money anytime and NO FEES! Full review
ING Direct has no fees! And their customer service and online banking more than makes up for not having branches. Particularly if you are Gen Y and have a smartphone, ING Direct is the bank for you! Easy access to your money anytime and NO FEES!
Was this review helpful?
YesSimple and easy to administer. Do not have to rely on direct customer service, you just manage it yourself. However help is always at hand if needed. Full review
Simple and easy to administer. Do not have to rely on direct customer service, you just manage it yourself. However help is always at hand if needed.
Was this review helpful?
YesI find this bank very approachable, easy to access your savings, comparable interest rates, overall very good. Full review
I find this bank very approachable, easy to access your savings, comparable interest rates, overall very good.
Was this review helpful?
YesI like this product as it helps me to save. My ING account is linked to my credit union account so if I want access to this money I first have to transfer it - no impulse withdrawals. I also love the amount of interest I earn with ING, it's an inc... Full review
I like this product as it helps me to save. My ING account is linked to my credit union account so if I want access to this money I first have to transfer it - no impulse withdrawals. I also love the amount of interest I earn with ING, it's an incentive to save.
Was this review helpful?
YesThe savings maximiser is an excellent product as it has no account keeping fees so you don't have to worry about fees here. The customer service is there 24/7 which is brilliant and so far I had no problems. There is easy access to my account onli... Full review
The savings maximiser is an excellent product as it has no account keeping fees so you don't have to worry about fees here. The customer service is there 24/7 which is brilliant and so far I had no problems. There is easy access to my account online and on the phone and it has a high interest welcome rate and ongoing rate. Overall the saving maximiser has so much to offer and I would definitely recommend.
Was this review helpful?
YesWe have been long standing customers but only earning 4.75% interest. If I am a new customer, I can get an introductory rate of 6%. Why are these higher rates not offerred to the existing customers whose money enables the bank to operate? They sho... Full review
We have been long standing customers but only earning 4.75% interest. If I am a new customer, I can get an introductory rate of 6%. Why are these higher rates not offerred to the existing customers whose money enables the bank to operate? They should show the same loyalty to their customers as the existing customers show to them.
Was this review helpful?
YesI like this because it is easy to use. I have it set up so my savings go straight into the account and it is at least 24 hours before I can access the cash. Full review
I like this because it is easy to use. I have it set up so my savings go straight into the account and it is at least 24 hours before I can access the cash.
Was this review helpful?
YesReasonable interest rate. No monthly account fee. Okay, so it is an online account, but good as a place to hold savings. Full review
Reasonable interest rate. No monthly account fee. Okay, so it is an online account, but good as a place to hold savings.
Was this review helpful?
YesI have an account with ING direct and have never had a problem with the way they run their affairs is excellent. I am very happy with the interest i get on my money Full review
I have an account with ING direct and have never had a problem with the way they run their affairs is excellent. I am very happy with the interest i get on my money
Was this review helpful?
YesOnline banking is my M.O. Bank queues are far too slow. ING Direct is way cool. Stand in queues if you're a fool. Full review
Online banking is my M.O. Bank queues are far too slow. ING Direct is way cool. Stand in queues if you're a fool.
Was this review helpful?
YesHard to get access to your money once you've deposited it into your ing direct account. Able to deposit but not able to withdraw my funds because they keep asking for statements of bank accounts from other banks that I have accounts with. Don't se... Full review
Hard to get access to your money once you've deposited it into your ing direct account. Able to deposit but not able to withdraw my funds because they keep asking for statements of bank accounts from other banks that I have accounts with. Don't see why they need this information but each time i fax a statement through they ask me for the current months statement and then the next month the same request again. Haven't been able to get access to my 165k for over three years now.
Was this review helpful?
YesA bit hard to get access to my money once it's been deposited. They keep asking me to send them copies of my bank statements with other banks for the past three month's worth of transactions and I dont understand why they need that or why it's rel... Full review
A bit hard to get access to my money once it's been deposited. They keep asking me to send them copies of my bank statements with other banks for the past three month's worth of transactions and I dont understand why they need that or why it's relevant. Confused as to how my transactions with commonwealth and westpac have to do with the ability to withdraw money from my own ING direct account. Wish i hadn't signed up with ING Or put any money into my account with them. Would NOT recommend
Was this review helpful?
Yesi had an isaver account online. it was very inflexible. it was hard to get onto a real person to answer my questions, and when i changed my name it was impossible to get the name changed on my account, even with reams of paper sent to verify etc. ... Full review
i had an isaver account online. it was very inflexible. it was hard to get onto a real person to answer my questions, and when i changed my name it was impossible to get the name changed on my account, even with reams of paper sent to verify etc. they had me running around in circles and it never worked. In the end, I transferred all my money out and tried to close the account, thinking i would just open a new one. They wouldn't let me close it. To this day i still have an empty account in my old name i can't get rid of.
Was this review helpful?
YesI have had great dealings with ING. Nothing has ever been too much trouble. Their online banking system is awesome. You dont have to wait until the end of the month to see how much interest your account has earnt, it calculates it on a daily basis... Full review
I have had great dealings with ING. Nothing has ever been too much trouble. Their online banking system is awesome. You dont have to wait until the end of the month to see how much interest your account has earnt, it calculates it on a daily basis. It's very secure. ING are very easy to deal with. Highly recommended.
Was this review helpful?
YesThis institution is excellent. It's products, service, are first class, and nothing is a problem for them. ING is highly recommended. Full review
This institution is excellent. It's products, service, are first class, and nothing is a problem for them. ING is highly recommended.
Was this review helpful?
YesIt has the best interest rate around for online savings and it's too easy to transfer any money to your everyday bank account when you need it. Full review
It has the best interest rate around for online savings and it's too easy to transfer any money to your everyday bank account when you need it.
Was this review helpful?
YesING offers the best online products in Australia, and the interest rate is quite high especailly if you have $150k or more. Very reliable transactions and I like the password authentication as it's not text based, but a key pad that people can't ... Full review
ING offers the best online products in Australia, and the interest rate is quite high especailly if you have $150k or more. Very reliable transactions and I like the password authentication as it's not text based, but a key pad that people can't simply duplicate through computer virus. I can do deposits through Westpac and with the orange savings account, I can do bpay and EFT to any banks. Very good online product and I can't complain about it! Again, no fees!!
Was this review helpful?
YesExisting customer gets lower interest rates than a new customer, this bank is going to loose heaps of loyal customers! Full review
Existing customer gets lower interest rates than a new customer, this bank is going to loose heaps of loyal customers!
Was this review helpful?
YesING Direct was the first Bank to offer an online banking product with no fees (with certain criteria being met) and they continue to be the Market Leaders. Other Banks (the Big Four) have now had to follow them to catch up. The Big Four Banks bei... Full review
ING Direct was the first Bank to offer an online banking product with no fees (with certain criteria being met) and they continue to be the Market Leaders. Other Banks (the Big Four) have now had to follow them to catch up. The Big Four Banks being an Oligopoly were previously paying minimal interest rates on Customer bank accounts whilst making super normal profits by on lending these funds at much higher interest rates. Now - all of the Big Four (and others) have had to provide high interest rate paying bank accounts with on line access. No more getting away with paying no interest on cheque accounts..................and ripping off their Customers.............. Competition works when it is allowed to work. Well done ING - you have shaken up the Lazy Australian Big Four Banks - an Oligopoly which has now been broken up a little and having to now work harder and smarter......
Was this review helpful?
YesEasy to use and set-up. Quite convenient with the use of mobile banking for transferring money and checking account balances. The lack of actual ATM's is made up through the rebate, which is awesome! Full review
Easy to use and set-up. Quite convenient with the use of mobile banking for transferring money and checking account balances. The lack of actual ATM's is made up through the rebate, which is awesome!
Was this review helpful?
YesAlthough you can find better interest rates for the savings account when you shop around, it is still a good rate. And when you balance that with NEVER having any fees or charges, and having instant access to ALL of your savings at any time withou... Full review
Although you can find better interest rates for the savings account when you shop around, it is still a good rate. And when you balance that with NEVER having any fees or charges, and having instant access to ALL of your savings at any time without penalty, the benefits weigh heavily in ING Direct's favour. The only time your account balance goes down is when you withdraw that amount of money. Also, the Australian part of ING Direct is fully covered by Australian Government protection just like any other the other big Australian banks. It's great to have a bank that doesn't penalise you for having only a little money (which makes sense because it helps you to build your savings and not decrease them!!) but also rewards you when the money is flowing readily. And I must be very happy with them because I REALLY don't like the colour orange!
Was this review helpful?
YesWhat type of savings account are you looking for?
bonus rate for 4 months
minimum deposit, no withdrawals
Highest rated savings accounts- as voted by the Mozo Community (rating out of 10)
Savings Accounts Quick Links
Follow Mozo on: