do your thing

Big rate. No hurdles.
With Savings Accelerator.

Raise the bar on balances up to $500k with no monthly conditions.

Open my account

Earn

%
p.a.

Variable rate for 4 months on balances up to $500k

Then

Earn

%
p.a.

Ongoing Variable rate on balances up to $2 million

Don't miss out on this exclusive offer!

Open a Savings Accelerator online and earn % p.a. variable with our kick starter offer. This includes an additional % p.a. variable kick starter rate for the first 4 months on balances up to $500,000. After that, roll on with our % p.a. variable ongoing rate.

When the four months are over, earn a competitive % p.a. variable ongoing rate up to $2 million, no monthly conditions or extra admin, just savings made simple.

Make the jump with Savings Accelerator

With Savings Accelerator, when you bring the savings, we bring the rate. Including a big kick starter offer on balance tiers up to $500K. With no hurdles like monthly conditions, bonus criteria or extra admin. So, jump to it - it's for a limited time only.

Open my account

Earn competitive rates on your balance

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.

First 4 months variable interest rate*

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

Ongoing variable interest rate

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

About the kick starter offer:

*Available for new-to-ING savings customers on their first Savings Accelerator account. These rates include the variable kick starter rate of % 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).

Why open a Savings Accelerator?

Big rates. No hurdles. And more.

Limited time offer for new ING savings customers

Open a Savings Accelerator and for a limited time, you could earn a big % p.a. variable kick starter rate on balance tiers up to $500K for your first 4 months.

No fuss, no ING fees

No minimum deposit requirements or lock-in terms. And no ING fees, so all your savings go towards your goals.

Savings guaranteed

Rest easy knowing combined balances up to $250,000 per customer are fully guaranteed by the Australian Government.

Open my account

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

Open my account
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
Open my account

Other ways to save with ING

Every cent you deposit will earn you interest.

Savings Maximiser

A high variable interest rate for eligible accounts that's hard to beat.

Earn up to

%
p.a.

Variable rate

(standard variable rate of % + additional variable rate of % for eligible accounts) How to earn bonus rate.

  • No fees

    With no fees and no minimum balance, save the way you want to save - with more of your money going towards your savings goals.

  • ING Everyday Round Up

    Round up Orange Everyday card purchases to the nearest $1 or $5, and you can choose to have the round up amount go from your Orange Everyday account straight to your Savings Maximiser.

  • 24/7 instant access

    Savings Maximiser customers with an Orange Everyday account can transfer monies funds between the two accounts, over the phone and using the ING app for instant access.

Open now Find out more

Personal Term Deposit

A high interest rate that's guaranteed for your chosen term.

1 year term Personal Term Deposit

%
p.a.

Fixed interest rate

Rate applicable to 1 year term - $10,000 minimum deposit1

  • Competitive rates up to % p.a.

    Secure a high interest rate guaranteed for your chosen timeframe on deposits of $10,000 to $5 million.

  • No fees

    With no fees, every cent you deposit earns you interest so your entire balance has the opportunity to grow.

  • Lock in your rate

    Lock in a fixed rate of return and have the peace of mind that your funds are secure. It's a great way to keep things steady and worry-free.

Open now Find out more
CANSTAR - Bank of the Year 2020 - 2025

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

ING has been awarded Canstar Bank of the Year six years running (2020 - 2025) for outstanding value across our suite of products and services.

do your thing

More from ING

Offer available on 1 account only.

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

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.

Kick starter offer - available on accounts opened from 1 May 2026.

The variable kick starter rate is an introductory variable bonus rate which applies on top of the ongoing variable rate on balances of up to $500,000 for 4 months from the date of account opening (that is, the date an account number is issued).

The variable kick starter rate is not available on a Savings Accelerator if any account holder has ever held a personal savings account with ING.

For any portion of your balance over $500,000 during the first 4 months, or any balance after the first 4 months, only the ongoing variable rate will apply.

ING may change, extend or withdraw the current kick starter offer or the kick starter rate (including any special rate) any time. If ING does so, it will provide notice by updating the Savings Accelerator page at ing.com.au. At the expiry of any special rate offer period, the kick starter rate may be lower or higher than the advertised special rate.

The variable kick starter rate is not payable in conjunction with any other promotional rate.

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.

Savings Maximiser

The additional variable rate (that is added to the Savings Maximiser standard variable rate) applies on one nominated Savings Maximiser per customer for the next calendar month when you also hold an Orange Everyday account and in the current calendar month you do the following:

  • deposit at least $1,000 from an external source to any personal ING account in your name (excluding Living Super and Orange One);
  • also make at least 5 card purchases that are settled (and not at a 'pending status') using your ING debit or credit card (excluding ATM withdrawals, balance enquiries, cash advances and EFTPOS cash out only transactions); and
  • ensure that the balance of your nominated Savings Maximiser account at the end of the month (excluding interest) is higher than it was at the end of the previous month. When we assess whether you've met this balance growth requirement, we do not take into account any interest earned on your account in the month.

Each customer can nominate a maximum of one Savings Maximiser account (either single or joint) to receive the additional variable rate (where eligible). You can check and change your nominated Savings Maximiser account via online banking. If no nomination is made, the additional variable rate (where eligible) will be applied to an account nominated by ING at its sole discretion.

Any amounts above $100,000 are subject to the Savings Maximiser standard variable rate applicable at the time. If you do not satisfy the conditions to receive the additional variable rate, the standard variable rate applies. ING can change or withdraw the additional variable rate or the additional variable rate offer at any time with notice. The additional variable rate is not payable in conjunction with any other promotional rate.

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

Canstar Bank of the Year 2020 - 2025: Canstar has awarded ING Bank of the Year 2025 for the sixth year in a row, recognising the outstanding value ING offers across all our products and services.