ING Savings Maximiser

1.00% p.a.(for $0 and over)

2.80% p.a. (for $0 to $100,000)

 
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ING Savings Maximiser Review

Rates and fees information correct as at 22 August 2018.

Review published: 13 February 2012

What's hot:

  • Winner of Mozo Experts Choice Award 2018

  • 2.80% ongoing bonus rate if conditions are met

  • No account fees

What's not:

  • $100,000 balance cap on bonus rate

Mozo snapshot:

The ING Savings Maximiser has a standard interest rate of 1.00% p.a. but if you have a linked Orange Everyday Account, deposit at least $1,000 a month from an external source (e.g. your salary) and make at least 5 purchases on your debit or credit card each month, you'll get a bonus rate of 1.80% (or 2.80% p.a. in total) which will put you in the right direction to maximise those precious savings.

Key features:

The combination of no account fee, no balance minimum and free transactions over the phone and on the net will give you the flexibility to access your dollars without any hidden slaps. It was awarded a Mozo Experts Choice Award in the Regular Saver category.

Keep in mind the bumper 2.80% p.a. bonus rate is only available when you also have an Orange Everyday bank account, deposit your pay of $1,000 or more and make 5 purchases on your credit or debit card each month. It also only applies for balances up to $100,000 after which the rate is the standard 1.00%. 

If you ever need to have a rant or rave about your savings account, you'll be able to ring up the 24/7 Australian-based customer service hotline and get it off your chest.

Who it's good for:

The Savings Maximiser is only for personal banking customers and you must be an Australian citizen. The Savings Maximiser has an eligibility requirement of 13 years and over (usually 18 years with savings accounts), making this savings account perfect for the transition from a children's savings account to a savings account with a linked transaction account.

Any catches?

Just be sure to supply your Tax File Number at time of sign up or tax on your interest will be deducted at the highest possible rate.

How are ING savings accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
9.2

Based on 428
ING savings accounts reviews

9.1 8.7 8.9 8.8 9.2

Read ING savings account reviews by the Mozo community

Latest reviews of ING Savings Maximiser

ING

ING Savings Maximiser savings account review

Overall rating   10 / 10

Top service with good returns

Every aspect of using this bank is streamlined and easy. Never once had any issues. Great interest rates. Great customer service.

Full review

Every aspect of using this bank is streamlined and easy. Never once had any issues. Great interest rates. Great customer service.

    Price   10 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Marg (QLD), reviewed over 1 year ago

ING

ING Savings Maximiser savings account review

Overall rating   6 / 10

Good online interface but not the best return

I was a happy customer of ING DIRECT for many years and I found the online banking interface easy to use, but unfortunately the interest rate continued to drop lower than others on the market, so I switched to a competitor for a better return.

Full review

I was a happy customer of ING DIRECT for many years and I found the online banking interface easy to use, but unfortunately the interest rate continued to drop lower than others on the market, so I switched to a competitor for a better return.

    Price   4 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Kelly (VIC), reviewed over 1 year ago

ING

ING Savings Maximiser savings account review

Overall rating   10 / 10

Great customer service and very trust worthy

They meet all my needs. The staff are very friendly and helpful. No fees and the rewards are good.

Full review

They meet all my needs. The staff are very friendly and helpful. No fees and the rewards are good.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Faith (QLD), reviewed about 2 years ago

ING

ING Savings Maximiser savings account review

Overall rating   10 / 10

The best service

Love these guys, easy to communicate with and they are within our country, they look after me and great interest rates.

Full review

Love these guys, easy to communicate with and they are within our country, they look after me and great interest rates.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   4 / 10

    Trust   10 / 10

Less

Mary (QLD), reviewed about 2 years ago

ING

ING Savings Maximiser savings account review

Overall rating   10 / 10

ING Direct delivers what it promises!

I have been with ING for years and fully transferred all my banking when my other bank closed. Love its online convenience and personal phone service when required.

Full review

I have been with ING for years and fully transferred all my banking when my other bank closed. Love its online convenience and personal phone service when required.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Marion (SA), reviewed over 2 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 1.00% p.a.

  • Balances from $0: 2.80% p.a.
    Balances from $100,000: 1.00% p.a.

  • For customers who have an Orange Everyday and deposit at least $1,000 from an external bank account and make at least 5 card purchases using your ING debit card each month

Fees

  • $0.00

  • none

  • unlimited free transactions from internet, phone.

  • none

  • none

  • none

  • none

  • none

  • none

  • $0.00

  • $0.00

  • none

Other financial bits

  • $0.00

  • $0.00

  • Monthly

Features

  • no

  • none

  • no

  • no

  • no

  • no

  • no

  • yes

  • yes

  • no

  • no

  • Must link to a transaction account

  • No minimum deposits or transactions needed to receive bonus rate when linked with Orange Everyday Youth Account

  • none

About ING

ING is part of the ING Group, one of the world's largest financial institutions, but it isn't like other banks. ING 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 aims to keep your banking simple.

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