The ING Savings Maximiser has a standard variable interest rate of 0.10% 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 1.40% p.a. (or 1.50% p.a. in total) which will put you in the right direction to maximise those precious savings.
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 1.50% p.a. bonus variable rate is only available when you also have an Orange Everyday bank account, deposit at least $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 standard variable rate is 0.10% p.a.
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 thanks to the ING banking app.
The Savings Maximiser is only available for personal banking customers and you must also 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 a potentially great way to transition from a children's savings account to a savings account with a linked transaction account.
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.
Balances from $0: 0.10% p.a.
Balances from $0: 1.50% p.a.
Balances from $100,000: 0.10% 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
$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
$0.00
$0.00
Monthly
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
ING is secure, easy to use and reliable. However interest rate is very low, close to zero, which means there is little incentive to remain loyal to them.
Read full reviewING is secure, easy to use and reliable. However interest rate is very low, close to zero, which means there is little incentive to remain loyal to them.
I like the Savings Maximiser with ING because you have no bank fees, can easily and instantly move money out of the account with no penalty, and earn good interest rates.
Read full reviewI like the Savings Maximiser with ING because you have no bank fees, can easily and instantly move money out of the account with no penalty, and earn good interest rates.
I have been with ING for approx 20 years and have always found their accounts to be extremely competitive. Customer service has also been 100%.
Read full reviewI have been with ING for approx 20 years and have always found their accounts to be extremely competitive. Customer service has also been 100%.
Their service and features are the best Ive come across in all of my banking years. Both of my kids have signed up and we love the option of having many savings accounts with an easy to use mobile app.
Read full reviewTheir service and features are the best Ive come across in all of my banking years. Both of my kids have signed up and we love the option of having many savings accounts with an easy to use mobile app.
Interest rates were great but have dropped very quickly. I still like the service and the international transaction rebates are a major plus. Not having many branches available doesn’t really matter to me as I do everything online.
Read full reviewInterest rates were great but have dropped very quickly. I still like the service and the international transaction rebates are a major plus. Not having many branches available doesn’t really matter to me as I do everything online.
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.
MyState Bank
Bonus Saver Account
1.50% p.a. (for $0 to $250,000)
0.15% p.a.(for $0 and over)
Yes up to $250,000
Bankwest
Hero Saver
1.15% p.a. (for $0 to $250,000)
0.01% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Bank of Queensland
Fast Track Saver Account
1.20% p.a. (for $1 to $250,000)
0.20% p.a.(for $1 and over)
Yes up to $250,000
Citi
Online Saver
1.35% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yes up to $250,000
Up
Saver Account
1.60% p.a. (for $0 to $50,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
MyState Bank
Bonus Saver Account
1.50% p.a. (for $0 to $250,000)
0.15% p.a.(for $0 and over)
Yes up to $250,000
Bankwest
Hero Saver
1.15% p.a. (for $0 to $250,000)
0.01% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Bank of Queensland
Fast Track Saver Account
1.20% p.a. (for $1 to $250,000)
0.20% p.a.(for $1 and over)
Yes up to $250,000
Up
Saver Account
1.60% p.a. (for $0 to $50,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Citi
Online Saver
1.35% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yes up to $250,000
Bankwest
Hero Saver
0.01% p.a.(for $0 to $5,000,000)
1.15% p.a. (for $0 to $250,000)
Yes up to $250,000
ANZ
Progress Saver
0.01% p.a.(for $0 and over)
0.70% p.a. (for $0 and over)
Yes up to $250,000
Newcastle Permanent
Smart Saver
0% p.a.(for $0 and over)
1.80% p.a. (for $0 and over)
Yes up to $250,000
Auswide Bank
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
2.01% p.a. (for $0 and over)
Yes up to $250,000
