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  • ING DIRECT Term Deposit

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    term deposits

    • 5.20%7 months

    • direct credit

    • yes

    Term

    Rates

    1 month

    3.75% $10,000 to $5,000,000

    3 months

    4.80% $10,000 to $5,000,000

    4 months

    4.80% $10,000 to $5,000,000

    6 months

    5.00% $10,000 to $5,000,000

    7 months

    5.20% $10,000 to $5,000,000

    9 months

    4.90% $10,000 to $5,000,000

    1 year

    5.00% $10,000 to $5,000,000

    2 years

    5.00% $10,000 to $5,000,000

    Interest payment options
    direct credit
    Automatic rollover
    yes
    Interest paid to another bank?
    yes
    Other restrictions
    Requires a minimum balance of $10000
    Other benefits
    Receive a loyalty bonus of 0.1% if you rollover your term deposit at maturity.

    * The rates shown here are all for interest paid at maturity for terms of less than 1 year, and annually for terms of one year or more.

    About ING DIRECT

    ING DIRECT is part of the ING Group, one of the world’s largest financial institutions, but it isn’t like other banks. ING DIRECT pioneered branch-less banking in Australia, getting rid of branches and passing on the savings to customers in the form of better rates and lower fees. From high interest savings accounts and term deposits to low rate home loans, ING DIRECT aims to keep your banking simple.

    How are ING DIRECT term deposits rated by the Mozo community?

    Product Type Overall Price Features Service Convenience Trust
    ING DIRECT term deposits 8.7 Based on 31
    ING DIRECT term deposit reviews
    8.7 7.9 8.5 8.4 9.1

    Read ING DIRECT term deposit reviews by the Mozo community

    Latest reviews of ING DIRECT Term Deposit

      • UBank Term Deposit (online) *

        * Fees and charges are payable

        Show Rates

        Great customer service and website informative.

          1. Overall customer rating
          2. (Reviewed 5 days ago)

        ING DIRECT offers the best product for me their website is easy to navigate the interest rates have remained attractive I have never had any charges on my 2 Accounts and they do not bombard you with offers I know what I want and a big turn off for...       Full review 

        ING DIRECT offers the best product for me their website is easy to navigate the interest rates have remained attractive I have never had any charges on my 2 Accounts and they do not bombard you with offers I know what I want and a big turn off for me is financial institutions trying to push other products onto you, ING DIRECT was recommended to me by a friend about 2 yrs ago when I had money to invest a decision I do not regret.


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        ING DIRECT Term Deposit term deposit review by Robyne from New South Wales

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        Yes
      • UBank Term Deposit (online) *

        * Fees and charges are payable

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        Highly competitive rate, trusted institution

          1. Overall customer rating
          2. (Reviewed 10 days ago)

        Great high interest account. I've used their savings accounts for years and you can always be certain they're offering a highly competitive interest rate. Great online banking system also. I had to close my account prior to the full term however w...       Full review 

        Great high interest account. I've used their savings accounts for years and you can always be certain they're offering a highly competitive interest rate. Great online banking system also. I had to close my account prior to the full term however was still able to claim a large percentage of the accrued interest!


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        ING DIRECT Term Deposit term deposit review by Jasmine from New South Wales

        1 person found this review helpful – do you?

        Yes
      • UBank Term Deposit (online) *

        * Fees and charges are payable

        Show Rates

        Best rates, knowledgable c/service staff. A+++

          1. Overall customer rating
          2. (Reviewed 12 days ago)

        ING Direct Term Deposit. No fees and charges, you have access to money if necessary. Set up is done online instantly. Can be linked to any bank account (ex credit). C/Service is available 24/7. Statements are consistant. Changes or roll over...       Full review 

        ING Direct Term Deposit. No fees and charges, you have access to money if necessary. Set up is done online instantly. Can be linked to any bank account (ex credit). C/Service is available 24/7. Statements are consistant. Changes or roll over is easy from one term to the next. Best term deposit rates compared to major 4 banks. Have been a consistent investor for the past 5 years. So pleased I even have my children's inheritance in term deposits. Thank you ING you have renewed my faith in a Financial Institutions.


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        ING DIRECT Term Deposit term deposit review by Kerry from Victoria

        1 person found this review helpful – do you?

        Yes
      • UBank Term Deposit (online) *

        * Fees and charges are payable

        Show Rates

        Excellent service and friendliness

          1. Overall customer rating
          2. (Reviewed 2 months ago)

        I like this product partly because of the interest rate and the politeness and friendliness when you contact them by phone. there is no cons for this company.       Full review 

        I like this product partly because of the interest rate and the politeness and friendliness when you contact them by phone. there is no cons for this company.


          1. Price
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        ING DIRECT Term Deposit term deposit review by Helen from New South Wales

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        Yes
      • UBank Term Deposit (online) *

        * Fees and charges are payable

        Show Rates

        no fees and simple phone and net banking

          1. Overall customer rating
          2. (Reviewed 2 months ago)

        Ive been an ING customer for many years. I first switched to them because I got fed up of all the hidden fees from my other bank. ING charge me no fees and were easy to deal with, trustworthy and they paid higher interest. I still bank with ING bu...       Full review 

        Ive been an ING customer for many years. I first switched to them because I got fed up of all the hidden fees from my other bank. ING charge me no fees and were easy to deal with, trustworthy and they paid higher interest. I still bank with ING but see their interest rates are often lower than other banks since ANZ are with them and if I need to talk to an advisor the waiting time on the phone is a bit longer too.


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        ING DIRECT Term Deposit term deposit review by Helen from Victoria

        Was this review helpful?

        Yes
      • UBank Term Deposit (online) *

        * Fees and charges are payable

        Show Rates

        Convient and good interest rates

          1. Overall customer rating
          2. (Reviewed 3 months ago)

        You can set up your own term deposit without having to leave your home, just check the interest rates and set it up online.       Full review 

        You can set up your own term deposit without having to leave your home, just check the interest rates and set it up online.


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        ING DIRECT Term Deposit term deposit review by Bevin morris from Western Australia

        2 people found this review helpful – do you?

        Yes
      • UBank Term Deposit (online) *

        * Fees and charges are payable

        Show Rates

        You won't do better than I.N.G Term deposits

          1. Overall customer rating
          2. (Reviewed 4 months ago)

        People should be aware that the minimum amount you can invest is $5000, but it's worth it as the rates are very good. There is a good selection of terms, plus if you reinvest you get a bonus .1%.       Full review 

        People should be aware that the minimum amount you can invest is $5000, but it's worth it as the rates are very good. There is a good selection of terms, plus if you reinvest you get a bonus .1%.


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        ING DIRECT Term Deposit term deposit review by Barbara from South Australia

        2 people found this review helpful – do you?

        Yes

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