ING crowned Australia’s Best Bank for second straight year

ING’s award-winning Term Deposit offers savers a number of competitive rates for terms between 3 months and 2 years, with the current highest being 1.40% for 1 and 2 year terms. While the minimum $10,000 deposit requirement might not appeal to everyone, savers with a balance of at least that amount, up to $10 million, may find the ING Term Deposit an appealing option. This is especially if they’re looking for a safe place to stash their cash over the short term. 

The Orange Everyday account is a serial Mozo Experts Choice Award winner, and given its host of handy features that’s not surprising. For starters, customers who deposit $1,000+ each month and make 5 debit card purchases can use ATMs in Australia and overseas fee-free! Plus there are no overseas purchase fees and 0% foreign exchange commission, making the Orange Everyday account handy for overseas travel and purchases.

Offering fixed rates as low as 2.09% (3.77% comparison rate*) for a 2-year term, borrowers looking to lock in a rate for a limited time may find it hard to beat ING’s Fixed Rate Loan offer. ING also gives customers the option of making extra repayments for free (capped at $10k p.a.), plus there are no ongoing service fees to worry about. The loan could even be suited for first time buyers as there is the potential to borrow with a deposit of just 5%. 

Like the idea of the bells and whistles of a packaged home loan? ING’s Orange Advantage Package loan may be worth considering, as it comes with competitive variable rates starting from 2.83% (3.17% comparison rate*), plus it features an offset account and free extra repayments. Borrowers can even chip away at their balance using ING’s handy round up tool which directs round ups from everyday purchases towards the loan. Just bear in mind the $299 yearly service fee.