8.8 / 10

based on 4408 reviews as rated by Mozo community

ING term deposits

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.

ING offers the following term deposits

Rates and fees verified as correct at 30 November, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Best rate (up to 1 year) Minimum deposit Interest paid to another bank?
Term Deposit

0.22% p.a.11 months

$10,000.00

yes

Different interest rates apply to different amounts or different interest payment frequencies.

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How are ING term deposits rated?

Mozo users have rated ING term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of term-deposits
ING term deposits
Overall
8.6/10
Price
Features
Customer service
Convenience
Trust

231 Reviews

Recent ING term deposit reviews

ING Term Deposit review
Overall 8/10
Go orange with ING.

Have been with ING for a while. They started off with very competitive rates for savings accounts however have cut the rates a few times as time goes on, still giving them the edge over other banks but making them slightly less appealing. They don't have a physical store and the wait times can be frustrating when you are on the phone trying to get something sorted so I normally just use the 'contact us' on the app and send an email query. The card is great to have for rebates when travelling as any fees you get charged will be credited back. Overall a good bank.

Read full review

Have been with ING for a while. They started off with very competitive rates for savings accounts however have cut the rates a few times as time goes on, still giving them the edge over other banks but making them slightly less appealing. They don't have a physical store and the wait times can be frustrating when you are on the phone trying to get something sorted so I normally just use the 'contact us' on the app and send an email query. The card is great to have for rebates when travelling as any fees you get charged will be credited back. Overall a good bank.

Price
8/10
Features
7/10
Customer service
8/10
Convenience
6/10
Trust
8/10
Less
Renee, Victoria reviewed 3 months ago
ING Term Deposit review
Overall 8/10
Try them for the high interest rates.

I like ING for term deposits because they always have the highest interest rate and are so secure and it is easy to use their online service. They are always up to date and advise of any changes.

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I like ING for term deposits because they always have the highest interest rate and are so secure and it is easy to use their online service. They are always up to date and advise of any changes.

Price
9/10
Features
8/10
Customer service
7/10
Convenience
10/10
Trust
8/10
Less
Norma, Western Australia reviewed 3 months ago
ING Term Deposit review
Overall 10/10
Brillant.

Will happily stay with ING, they are a great bank with awesome rates.

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Will happily stay with ING, they are a great bank with awesome rates.

Price
10/10
Features
7/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Nicki, Queensland reviewed 10 months ago
ING Term Deposit review
Overall 9/10
Great interest rates and simple.

I love ING! I have never had a problem with them. The term deposit is super convenient for me and they had really competitive interest rates.

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I love ING! I have never had a problem with them. The term deposit is super convenient for me and they had really competitive interest rates.

Price
6/10
Features
4/10
Customer service
10/10
Convenience
9/10
Trust
10/10
Less
Natasha, Queensland reviewed about 1 year ago

Term deposit quick links