do your thing

Money, I'm home.

ING Savings Accelerator.
The account your savings will want to settle into.

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Earn

%
p.a.

variable rate up to $2 million

Raise the bar on balances up to $2 million with no monthly conditions. Savings Accelerator keeps things simple. Earn a high interest rate on your savings with no monthly requirements.

Make the jump with Savings Accelerator

With Savings Accelerator, when you bring the savings, we bring the rate. With no hurdles like monthly conditions, bonus criteria or extra admin.

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Earn big rates on your balance

With no ING fees, the interest you earn is all yours.

With Savings Accelerator, each part of your balance earns the interest rate for the tier it sits in. So you could earn different rates at the same time.

The following variable interest rates apply to the portion of your account balance within each balance tier:

%
p.a. $0 $250,000 Tier 1
%
p.a. $500,000 Tier 2
%
p.a. $2mil Tier 3
%
p.a. $5mil Tier 4

If your balance falls across more than one tier, each portion of your balance will earn the rate for its tier.

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).

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).

Why open a Savings Accelerator?

Big rates. No hurdles. And more.

No fuss savings account

No monthly conditions, no minimum deposit requirements or lock-in terms. Just big rates, so you can do your savings thing sooner.

No ING fees

No ING fees, so all your savings go towards your goals.

Savings guaranteed

Rest easy knowing combined eligible balances up to $250,000 per account holder are protected under the Australian Government's Financial Claims Scheme.

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How much could I save?

Explore your estimated savings potential with our savings goal calculator.

Savings goal calculator

How to open a Savings Accelerator?

1

Click the link below

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2

Complete the online application

Then simply make a deposit from your linked account to activate your Savings Accelerator.

3

Start earning interest

You're all set to start earning interest.

What you'll need to open your account

Here's what you need to open a Savings Accelerator.

You must be:

  • An account holder using the product for personal use (if it's for your business, see our Business Optimiser account)
  • An Australian resident for taxation purposes
  • Aged 18 years or over

You'll need to give us:

  • An Australian residential address and phone number
  • Bank account details to link to your savings account
  • A tax file number or exemption code (otherwise tax is deducted at the highest marginal rate)
  • An ING client number if you're already with ING
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CANSTAR - Bank of the Year 2020 - 2026

Canstar Bank of the Year, after year, after year...

ING has been awarded Canstar Bank of the Year seven years running (2020 - 2026) for outstanding value across our suite of products and services.

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More from ING

1 You may withdraw all (but not part) of your deposit before the end of the term. A reduced rate of interest will apply in these circumstances.

Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Before making any decision in relation to a Personal Term Deposit, Savings Accelerator, Savings Maximiser or Orange Everyday, you should read the Personal Term Deposits Terms and Conditions booklet and Target Market Determination, Savings Accelerator Terms and Conditions booklet and Target Market Determination. Savings Maximiser Terms and Conditions booklet and Target Market Determination and the Orange Everyday Terms and Conditions booklet, Target Market Determination and Everyday Banking Fees & Limits Schedule. To view these documents you may need Adobe Acrobat. If you have a complaint, we have procedures in place to help resolve any issues you may have. For the best ways to contact us, visit at ing.com.au/contactus. Deposit and savings products are issued by ING, a business name of ING Bank (Australia) Limited ABN 24 000 893 292 AFSL 229823.

Personal Term Deposit

Information and interest rates are current as at the date of publication and are subject to change.

Personal Term Deposits require a minimum opening deposit of $10,000. The combined total deposits in all your Personal Term Deposit accounts is not permitted to exceed $5 million, whether the accounts are in individual or joint names. The interest rates that apply to Personal Term Deposits are the interest rates that are current on the date the term deposit is opened.

Savings Accelerator

Information and interest rate is current as at the date of publication and is subject to change.

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).

Combined balances up to $250,000 per account holder are guaranteed by the Australian Government.

Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Before making any decision in relation to Savings Accelerator you should read the Savings Accelerator Terms and Conditions booklet. To view these documents you may need Adobe Acrobat. Savings Accelerator is issued by ING.

Information and interest rates are current as at the date of publication and are subject to change.

Canstar Bank of the Year 2020 - 2026: Canstar has awarded ING Bank of the Year 2026 for the seventh year in a row, recognising the outstanding value ING offers across all our products and services.