ING Savings Maximiser
Bonus rate
High variable interest rate. And no fees or penalties on withdrawals.
5.75%
a year, with bonus, up to
- Base rate up to
- 0.01%
- Introductory rate
- None
- Maximum balance
- $5,000,000
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| $0 to $1,000 | 0.01% | None | 0.01% |
| $1,000 and over | 0.01% | +5.74% | 5.75% |
How to earn the bonus
When the criteria is met in a calendar month, the benefits and additional variable rate will apply in the next calendar month. Available on one account for balances up to $100,000.
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
5.75%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
0.01%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- A higher rate. Up to 5.75%, above the typical 3.65%. On $10,000 that's about $575 a year.
Cons
- A low base rate. Only 0.01% in any month you miss the bonus conditions.
- Conditions for the bonus. You need to meet them every month, or you earn only the base rate.
- 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
- 5.75%
- Bonus conditions
- Yes
- Most it pays
- 5.75%
- Bonus conditions
- None
- Most it pays
- 5.65%
- Bonus conditions
- None
