ING Savings Maximiser
ING Savings Maximiser
Mozo Review ING Savings Maximiser Review
Last updated: 19 February 2020.
What's hot:
1.95% p.a. 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 variable interest rate of 0.25% 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 1.70% p.a. (or 1.95% 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.
Keep in mind the bumper 1.95% 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 0.25% 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.
Who it's good for:
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.
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 24 February 2020. 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?
Latest reviews of ING Savings Maximiser
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Easy, good interest savings account.
I’ve had an ING Savings Maximiser account for a number of years now. I find it simple to track my interest, easy to transfer money and overall ING are a good to deal with, customer focused bank.
Read full reviewI’ve had an ING Savings Maximiser account for a number of years now. I find it simple to track my interest, easy to transfer money and overall ING are a good to deal with, customer focused bank.
Price9/10Features7/10Customer service9/10Convenience7/10LessTrust9/10 -
Impressive and encourages savings.
Already have referred others.
Read full reviewAlready have referred others.
Price10/10Features10/10Customer service10/10Convenience10/10LessTrust10/10 -
Banking made excellent.
ING offers a competitive, user-friendly experience. With low overheads, a high savings interest rate, and innovative and fun saving features, they are great.
Read full reviewING offers a competitive, user-friendly experience. With low overheads, a high savings interest rate, and innovative and fun saving features, they are great.
Price8/10Features9/10Customer service-1/10Convenience10/10LessTrust9/10 -
Save money without paying for it.
I love ING. They help me save money without charging any fees.
Read full reviewI love ING. They help me save money without charging any fees.
Price10/10Features10/10Customer service10/10Convenience10/10LessTrust10/10 -
Only good things.
All good things to say about ING. Always helpful. I love getting the ATM rebates.
Read full reviewAll good things to say about ING. Always helpful. I love getting the ATM rebates.
Price10/10Features10/10Customer service10/10Convenience-1/10LessTrust10/10
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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