The ING Savings Maximiser has a standard variable interest rate of 0.55%, but if you can meeting monthly conditions, you could get a bonus rate of 4.95% p.a. (or 5.50% in total) which could help put you in the right direction to maximise those precious savings. There are a few steps though: you'll need to have a linked ING Orange Everyday Account, deposit at least $1,000 a month from an external source (e.g. your salary) and make at least 5 settled card purchases each month, as well as grow your savings balance by more than the accrued interest.
The combination of no account fee and a generous ongoing bonus rate could make ING's Saving Maximiser a rewarding place to stash your savings. Keep in mind the bumper 4.95% bonus variable rate is only available when you also have an Orange Everyday bank account and hit the following monthly requirements:
One of the other handy features about the account is the round-up tool. Users can set up their desired round-up figure to the nearest $1 or $5, then every time they make a purchase the difference will be deposited into their savings. For example, a $3.50 coffee will be rounded up to $4 and that 50c difference will be automatically deposited into savings.
Prefer to do your banking on your smartphone? You're in luck! You'll be able to transfer money into your Savings Maximiser with ease thanks to the ING banking app.
The Savings Maximiser has an eligibility requirement of 13 years and over, so with that in mind, it could be prove a competitive account for both teenagers and adults to grow their savings balances - as long as they're able to meet the monthly deposit requirements.
Bear in mind that the maximum bonus rate of 5.50% only applies on balances of up to $100,000 and balances over that figure will receive the base rate of 0.55%. So if you've got a much larger savings balance, you may want to compare other savings accounts with higher thresholds.
Balances from $0: 0.55% p.a. |
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Balances from $0: 5.50% p.a. |
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For customers who deposit $1000 from an external source into a personal ING account (excluding Orange One and Living Super), make 5 eligible transactions and grow their nominated Savings Maximiser account each month so there is more in the account at the end of the month than there was at the start of each month (excluding interest). The total bonus interest rate is available on balances up to $100,000 on one Savings Maximiser the next month after meeting eligibility. |
$0.00 |
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n/a |
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unlimited free transactions from internet, phone. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$0.00 |
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n/a |
$0.00 |
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$0.00 |
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Monthly |
no |
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n/a |
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no |
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no |
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no |
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no |
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no |
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yes |
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yes |
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no |
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no |
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Must be linked to an Orange Everyday transaction account to receive the bonus rate. Where multiple Savings Maximiser Accounts are held, the bonus rate is only applied to one nominated account. |
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No minimum deposits or transactions needed to receive bonus rate when linked with Orange Everyday Youth Account |
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none |
ING Bank is highly regarded for its fee-free banking services, making it an attractive option for those looking to avoid monthly account fees and ATM withdrawal charges. The bank's commitment to customer satisfaction is evident through its user-friendly online and mobile banking platforms, which provide convenient access to manage accounts and conduct transactions. Additionally, ING Bank offers competitive interest rates on savings accounts, helping customers grow their savings effectively. Another notable aspect is the bank's international transfer services, which offer competitive rates and easy online transactions, making it a preferred choice for individuals with international banking needs.
Read full reviewING Bank is highly regarded for its fee-free banking services, making it an attractive option for those looking to avoid monthly account fees and ATM withdrawal charges. The bank's commitment to customer satisfaction is evident through its user-friendly online and mobile banking platforms, which provide convenient access to manage accounts and conduct transactions. Additionally, ING Bank offers competitive interest rates on savings accounts, helping customers grow their savings effectively. Another notable aspect is the bank's international transfer services, which offer competitive rates and easy online transactions, making it a preferred choice for individuals with international banking needs.
Ing is the best bank have ever been with , even though they don't have a physical bank . There customer service is always exceptional and easy to get through to them via ph . There r no bank fees for bank acc ,u actually get money back to u if u use pay wave payments $100 and under . They have excellent saving accounts with great interest that benefits u . There rates for loans, credit cards and insurance are really good . I recommend Ing to everyone.
Read full reviewIng is the best bank have ever been with , even though they don't have a physical bank . There customer service is always exceptional and easy to get through to them via ph . There r no bank fees for bank acc ,u actually get money back to u if u use pay wave payments $100 and under . They have excellent saving accounts with great interest that benefits u . There rates for loans, credit cards and insurance are really good . I recommend Ing to everyone.
Amazing rates and no fees. You only need to do some simple actions a month to access those bonus interest rates that make it the best option
Read full reviewAmazing rates and no fees. You only need to do some simple actions a month to access those bonus interest rates that make it the best option
I like getting the atm rebate back
Read full reviewI like getting the atm rebate back
I love that the app is simple to use and has more features than my previous banks app.
Read full reviewI love that the app is simple to use and has more features than my previous banks app.
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
1.20% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
2.00% p.a.(for $0 to $250,000)
Yes up to $250,000
Savings Account
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
Save Account
5.10% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
Yes up to $250,000
4.40% p.a.(for $0 to $250,001)
Savings Account
5.35% p.a. (for $0 to $250,000)
Yes up to $250,000
4.75% p.a.(for $0 to $1,000,000)
Save Account
5.10% p.a. (for $0 to $250,000)
Yes up to $250,000
0.10% p.a.(for $0 and over)
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
Yes up to $250,000
1.20% p.a.(for $0 to $5,000,000)
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
2.00% p.a.(for $0 to $250,000)
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
0% p.a.(for $0 and over)
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
0.05% p.a.(for $0 and over)
Reward Saver Account
0% p.a.(for $0 and over)
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
Save Account
0.10% p.a.(for $0 and over)
5.10% p.a. (for $0 to $250,000)
Yes up to $250,000
Bonus Saver Account
0.05% p.a.(for $0 and over)
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
Reward Saver
0.30% p.a.(for $0 and over)
5.25% p.a. (for $0 to $100,000)
Yes up to $250,000
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
3.01% p.a. (for $0 and over)
Yes up to $250,000
Progress Saver
0.01% p.a.(for $0 and over)
4.25% p.a. (for $0 and over)
Yes up to $250,000