ING Savings Maximiser

0.25% p.a.(for $0 and over)

1.95% p.a. (for $0 to $100,000)

ING Savings Maximiser

0.25% p.a.(for $0 and over)

1.95% p.a. (for $0 to $100,000)

Mozo Review   ING Savings Maximiser Review

Last updated: 9 October 2019.

What's hot:
  • Winner of Mozo Experts Choice Award 2019

  • 1.95% 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 0.25%, 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 1.70% (or 1.95% p.a. in total) which will put you in the right direction to maximise those precious savings.

Impressed? So were the Mozo expert judges, which is why they awarded the Savings Maximiser account a 2019 Mozo Experts Choice Award in the Regular Saver category.

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.  

Keep in mind the bumper 1.95% 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 0.25%. 

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.

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 with the 2019 Mozo Experts Choice award-winning ING banking app

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.

Details

Rates and fees information correct as at 7 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.25% p.a.

  • Balances from $0: 1.95% p.a.
    Balances from $100,000: 0.25% 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

  • n/a

  • unlimited free transactions from internet, phone.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • $0.00

  • $0.00

  • n/a

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

Customer Reviews

How are ING savings accounts rated by the Mozo community?

Overall customer rating
8.9/10
Price
8.9/10
Features
7.9/10
Customer service
8.5/10
Convenience
8.4/10
Trust
8.8/10

Latest reviews of ING Savings Maximiser

  • Overall
    10/10
    Only good things.

    All good things to say about ING. Always helpful. I love getting the ATM rebates.

    All good things to say about ING. Always helpful. I love getting the ATM rebates.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    -1/10
    Trust
    10/10

    Anita | New South Wales

    reviewed about 21 hours ago

  • Overall
    9/10
    Great customer service and high interest rates.

    There is nothing bad I can say! The customer service is fast and helpful. The interest rates are...

    There is nothing bad I can say! The customer service is fast and helpful. The interest rates are high. They encourage you to save and the online set up is easy to understand. I especially love the feature where you can send a message online to contact support instead of having to call someone each time you have a problem. Benefits of being an online bank. I can't complain!

    Price
    8/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    8/10

    Elisha | New South Wales

    reviewed 9 days ago

  • Overall
    10/10
    Best savings account ever!

    This is the time having no branch really does you favours! Interest rates are impeccable and the...

    This is the time having no branch really does you favours! Interest rates are impeccable and the whole process is so easy!

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Kerry | Victoria

    reviewed 30 days ago

  • Overall
    9/10
    Low fees and built for convenience.

    I like this bank because it is set up for convenience with no ATM fees and has a great interest...

    I like this bank because it is set up for convenience with no ATM fees and has a great interest rate on the savings account.

    Price
    9/10
    Features
    3/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    9/10

    Hannah | Victoria

    reviewed 30 days ago

  • Overall
    9/10
    ING have been great. Love them

    I believe ING charging ATMs made all other banks follow suit.

    I believe ING charging ATMs made all other banks follow suit.

    Price
    8/10
    Features
    8/10
    Customer service
    7/10
    Convenience
    10/10
    Trust
    9/10

    Liam | Victoria

    reviewed about 1 month ago

ING

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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