ING Direct term deposits available through Australia Post outlets

By Mozo ·

Aussies banking with ING Direct may want to consider taking advantage of the branchless bank's latest term deposit offering, which will now be accessible through Australia Post outlets.

Those that opt to save in this way will be able to do so through any of the 3,287 retail outlets offering the Bank@Post service.

Andrew Maitland, general manager of financial and commercial services at Australia Post, said those who decide to compare term deposits may want to opt for the ING offering as it offers them an "easy and convenient way to access their banking needs".

Director of products for ING Direct John Arnott added: "Term deposits are one of our most popular products but given the investment required, we found 67 per cent of customers were more comfortable to open an account in-person."

This comes after Marcus Padley, from Paterson's Securities, said in an interview with ABC that as interest rates start to peak, more Aussies may be tempted to lock funds in term deposits to get the most out of the current rates.

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