ING crowned Australia’s Best Bank for second straight year in 2024
For the second year in a row, ING was crowned Australia’s Best Bank in the Mozo Experts Choice Australia’s Best Banking Awards.
Mozo’s expert judges have given Australia’s Best Banking titles to the financial institutions that shine the brightest when it comes to providing excellent value products to their customers.
This year, 85 different Australian financial institutions were assessed as part of the awards judging process, but just like in 2023, ING emerged victorious in the Best Bank category.
“To be named an Australia’s Best Award winner is an impressive accomplishment by itself, but to do so two years in a row is special,” said Mozo Banking Expert and Awards Judge, Peter Marshall.
“Winners really need to stand out in what’s often a very crowded field. And while that doesn’t mean that every single product on offer is a market leader, there will be at least one of every product type that we’re happy to recommend as worthy of people's consideration.”
Part of the Australia’s Best Banking judging process includes weighing up each institution's success over the past 12 months in the Mozo Experts Choice Awards, so it’s perhaps no surprise that ING has been one of the standout performers.
So, whether you’re in the market for a new bank account or you’re ready to refinance your home loan, here are some award-winning products you’ll want to take a look at from Australia’s Best Bank in 2024, ING.
ING Term Deposit
- 4.95% p.a. for 12 month term
- Minimum opening deposit of $10,000
- Term Deposit Winner - Mozo Experts Choice Award 2024
ING’s term deposit offers a competitive 4.95% p.a. rate for a 12 month term. You can choose to have your interest paid into a different bank of your choosing once the account reaches maturity. Also, once your term reaches maturity, it automatically rolls over to a new term. To be able to use this term deposit you need to have at least $10,000 available to deposit. The maximum amount you deposit is $5 million. Remember, if you want to withdraw your funds before the maturity date you must with a 31 day notice and will receive a lower interest rate.
ING Savings Maximiser
- 5.50% p.a. Maximum interest rate
- No account keeping fees
- High Interest Savings Winner- Mozo Experts Choice Award 2024
The ING Savings Maximiser’s 5.50% maximum interest rate is hard to beat. You can earn a high bonus rate of interest when you make 5 card purchases on your linked ING translation account, deposit at least $1,000 and grow your balance every calendar month. The maximum interest rate is available on balances up to $100,000 and there are no monthly account fees.If bonus interest conditions are not met in a calendar month, the standard variable rate of 0.55% p.a. will apply in the next calendar month. Mozo Experts Choice Award winner^.
ING Orange Everyday
- Zero ING international transaction fees, zero monthly fees
- Rebates on domestic ATM transactions
- Exceptional Everyday Account Winner - Mozo Experts Choice Award 2024
ING’s award-winning Orange Everyday account offers 1% cashback on eligible utility bill payments (up to $100 per financial year), rebates on ATM fees anywhere in Australia and unlimited rebates on international transactions. It also has zero monthly account fees. To access these savings, simply deposit at least $1,000 from an external bank account and make at least 5 card eligible purchases using your ING debit card each month (T&Cs apply).
* Different interest rates apply to different amounts or different interest payment frequencies.
^See information about the Mozo Experts Choice Home Loan Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.