ING Savings Accelerator
No conditions on the rate
A tiered savings account, with a variable interest rate.
- Base rate up to
- 5.05%
- Introductory rate
- None
- Maximum balance
- $5,000,000
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| $0 to $2,000,000 | 5.05% |
| $2,000,000 to $5,000,000 | 2.95% |
Who can open it
- Age to open
- 18 and over
- Maximum balance
- $5,000,000
Who it's for
- You must be an Australian resident for taxation purposes.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
5.05%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
5.05%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- A higher rate. Up to 5.05%, above the typical 3.65%. On $10,000 that's about $505 a year.
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A balance cap. Interest is paid on up to $5,000,000, so it suits smaller balances.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 5.05%
- Bonus conditions
- None
- Most it pays
- 5.05%
- Bonus conditions
- None
- Most it pays
- 5.05%
- Bonus conditions
- None
