We'll take your life savings…
very seriously.
Because your money should be working hard, not you. That's why Savings Accelerator has one of Australia’s best savings rates for new ING savings customers. No monthly deposits. No missed growth.
New to ING savings customers can
get up to 5.65% p.a. for 4 months
Join 2.3 million Aussies
Trusted By 2M+ Australians
Get 5.65% p.a. (variable) for 4 months on balances up to $500k
$0 monthly account fee
Deposit As Much (Or As Little) As You Want, When You Want
No Lock-In Terms
Canstar Bank of the Year — 6 years running (2020–2025)
Trusted By 2M+ Australians
Get 5.65% p.a. (variable) for 4 months on balances up to $500k
$0 monthly account fee
Deposit As Much (Or As Little) As You Want, When You Want
No Lock-In Terms
Canstar Bank of the Year — 6 years running (2020–2025)
Trusted By 2M+ Australians
Get 5.65% p.a. (variable) for 4 months on balances up to $500k
$0 monthly account fee
Deposit As Much (Or As Little) As You Want, When You Want
No Lock-In Terms
Canstar Bank of the Year — 6 years running (2020–2025)
Earn
5.65
%
p.a.
Variable rate for 4 months on balances up to $500K
Then
Then
Earn
4.60
%
p.a.
Ongoing variable rate
on balances up to $2M
This special kick starter rate is for new ING savings customers only. Limited time offer.
Save with Canstar’s 6-time Bank of the Year (2020-2025).
Your money should clock in, so you don’t have to. But right now, it’s only working part-time. That’s
not cute. New to ING savings customers can enjoy big savings rates of up to 5.65% p.a. (variable)
for 4 months on balances up to $500K, pay $0 monthly account fees, and enjoy the freedom of no
monthly deposit requirements or lock-in terms with a Savings Accelerator.
After that 4-month period, settle into an ongoing 4.60% p.a.
variable rate on balances up to $2
million. And 2.70% p.a. (variable) for the portion of balances above $2 million. Still no lock-in
terms and zero monthly account-keeping fees.
Canstar. Finder. Forbes…
All say we're #1
We’ve won Canstar's Bank of the Year so many times it’s hard to keep count (2020-2025). We also bagged Finder's Bank of the Year 2026. And took home Forbes World's Best Bank Australia 2024, 2025, 2026. Strong recognition – even stronger reasons to get started.
New to ING savings customers can
get up to 5.65% p.a. for 4 months
Join 2.3 million Aussies
$0 monthly account fees, the way it should be.
Saving should grow your balance, not chip away at it. We keep it simple. Savings Accelerator has no monthly account fees to store your cash.
New to ING savings customers can
get up to 5.65% p.a. for 4 months
Join 2.3 million Aussies
No monthly deposits.
No missed growth.
Savings Accelerator doesn't require you to deposit every month just to keep your rate. Add money, or let your savings sit and grow. You choose.
New to ING savings customers can
get up to 5.65% p.a. for 4 months
Have a fling. Your money will love it.
With no lock-in terms, your money stays flexible. Savings Accelerator sets you free to save and transfer. You’re in control.
New to ING savings customers can
get up to 5.65% p.a. for 4 months
Join 2.3 million Aussies
Trusted By 2M+ Australians
Get 5.65% p.a. (variable) for 4 months on balances up to $500k
$0 monthly account fee
Deposit As Much (Or As Little) As You Want, When You Want
No Lock-In Terms
Canstar Bank of the Year — 6 years running (2020–2025)
Trusted By 2M+ Australians
Get 5.65% p.a. (variable) for 4 months on balances up to $500k
$0 monthly account fee
Deposit As Much (Or As Little) As You Want, When You Want
No Lock-In Terms
Canstar Bank of the Year — 6 years running (2020–2025)
Trusted By 2M+ Australians
Get 5.65% p.a. (variable) for 4 months on balances up to $500k
$0 monthly account fee
Deposit As Much (Or As Little) As You Want, When You Want
No Lock-In Terms
Canstar Bank of the Year — 6 years running (2020–2025)
Protected. Properly.
Deposits are guaranteed by the Australian Government up to $250,000 per account holder. Sleep well. Your money is.
Earn up to
5.65
%
p.a.
(variable) for 4 months
New to ING savings customers can earn up to 5.65% p.a. (variable) on balances up to $500,000 for the first four months, then 4.60% p.a. (variable) ongoing on balances up to $2 million. Deposit as much as you want, when you want with a Savings Accelerator. Over $2 million in savings? The portion of your balance above $2 million will earn 2.70% p.a. (variable) ongoing. That’s it. Your money does the rest.
Savings interest rates
interest rate*
interest rate
First 4 months variable interest rate*
Ongoing variable interest rate
*Available for new to ING savings customers on their first Savings Accelerator account. These rates include the variable kick starter rate of 1.05% p.a., which applies on top of the ongoing variable rate on any portion of your balance up to $500,000 for 4 months. For balances over $500,000, the ongoing variable interest rate will apply. You can see your current rates in your ING app or online banking. After the first 4 months, or if you’re not new to ING savings, the ongoing variable interest rate applies to the portion of your account balance within each balance tier. If your balance falls across more than one tier, each portion of your balance will earn the rate for its tier. The same ongoing rate currently applies across Tiers 1-3. The combined total deposits in all your Savings Accelerator account(s) shouldn't exceed $5 million, whether account(s) are in individual or joint name(s).
New to ING savings customers can
get up to 5.65% p.a. for 4 months
Join 2.3 million Aussies
Canstar. Finder. Forbes…
All say we’re #1
We’ve won Canstar's Bank of the Year so many times it’s hard to keep count (2020-2025). We also bagged Finder's Bank of the Year 2026. And took home Forbes World's Best Bank 2024 to 2026. Strong recognition – even stronger reasons to get started.
New to ING savings customers can
get up to 5.65% p.a. for 4 months
Join 2.3 million Aussies
2.3 million Australians chose
to bank with ING
"ING offers the serious saver a tiered savings account that could accelerate your financial growth."
"It's the top bonus rate available on our database right now."
“ING [is] top… as judged by Australians who ranked banks on… fees, rates, and trustworthiness.”
“This is all about giving new savers an opportunity to kick start their savings with ING,”
New to ING savings customers can
get up to 5.65% p.a. for 4 months
Join 2.3 million Aussies
Check out how much you can earn with us!
I want to know
My saving goal is
$30,000
What is your starting balance
$10,000
Every month I can put aside
$560
Savings Calculator
Calculations are based on a variable interest rate of 4.60% p.a. Rates are indicative only and may change. Different rates may apply to portions of higher balances.
Your saving contributions
$27,000
Total interest
earned
$3,049
It will take you
—
*The figures generated by this savings calculator are provided for illustrative purposes only and are intended as a general guide. They do not constitute a formal quote or an indication of eligibility for any financial product. Calculations are based on the current interest rate, which is subject to change at any time without notice, and may affect the results shown. This tool should not be relied upon when making financial decisions. It is recommended that you seek advice from a qualified financial services professional before proceeding. The results are based solely on the information you have entered and do not take into account your individual financial situation, objectives, or needs.
Three steps. Neither one is hard.
No fuss saving in 3 simple steps…
Step 1
Open an account in minutes.
No paperwork. No branch visits. Open a Savings Accelerator in minutes with a single,
smooth digital process. Boom. You have access to one of the best rates in
Australia.
(In the rare chance that face-to-face verification is required
- just head to your local Australia Post to complete verification.)
Step 2
Unlock a BIG rate.
No hurdles
New ING savings customers can start earning 5.65% p.a. (variable) on balances
up to $500K for 4 months.
Step 3
Grow… and grow… and grow… up to $5M.
That's it. Deposit as much as you want, when you want. Enjoy a souped-up rate for 4
months. And then an ongoing variable rate of 4.60% p.a.
with no lock-in terms and zero
monthly account fees, all the way up to a $2 million balance.
The portion of a balance above $2 million earns 2.70% p.a. (variable) ongoing.
The bank Australians keep telling their friends about.
The best recommendations come unprompted. A friend mentions it over dinner. A colleague brings it up on Monday morning. ING has been named Australia’s most recommended bank by RFI Global's Consumer Atlas Survey. When people love their bank, they say so.
Savings sorted.
In minutes.
Don’t wait to switch.
You don’t need a new job. You don’t need an investing tip from your
cousin. Sort your Savings today.
New to ING savings customers can
get up to 5.65% p.a. for 4 months
Join 2.3 million Aussies
Earn 5.65% p.a.
(variable) for 4 months
on balances up to $500k.
No lock-in terms.
Savings Accelerator is designed to help you earn more interest on the money you’ve already saved.
New to ING savings customers can earn 5.65% p.a. (variable) on
balances up to $500K for your first
four months. Deposit however much you want, whenever you want. No lock-ins. No fees.
After that, your savings roll into an ongoing rate of 4.60% p.a.
(variable) on balances up to $2
million. Same simplicity.
Over $2 million in savings? The portion of your balance above $2 million will earn 2.70% p.a.
(variable) ongoing
For 4 Months On Balances Up To $500K
Takes just 10 minutes.
Your future self will thank you.
FAQS
You've got questions. Fair enough.
What is the ING Savings Accelerator?
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What rate will I earn?
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The portion of a balance above $2 million will earn 2.70% p.a. (variable) ongoing.
Do
I need to deposit money every month to keep my rate?
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Are
there any lock-in terms?
![]()
Are
there any monthly account fees with a Savings Accelerator account?
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Who is eligible to open a Savings Accelerator?
![]()
How
do I open one?
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(In the rare chance that face-to-face verification is required? Still no bank visit. Just head down to your local Australia Post to complete verification.)
Can
I have more than one Savings Accelerator?
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Is
my money protected?
![]()
What happens after the four-month introductory period?
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Is
the rate variable or fixed?
![]()
How is interest calculated and paid?
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New to ING savings customers can
get up to 5.65% p.a. for 4 months
Join 2.3 million Aussies
