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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.
Rates are shown for interest paid at maturity for terms less than 1 year, and annually or at maturity for terms of 1 year or more.
Minimum deposit
$10,000
Maximum deposit
$10,000,000
Govt Deposit Guarantee
Yes
Up to $250,000
Can interest be paid to another bank?
yes
Automatic rollover
yes
Other restrictions
31 days notice required if customers want to withdraw their funds before the maturity date. Min combined balance of $50,000 required across any Business Optimiser and Business Term Deposits held a business entitys name.
Other benefits
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