ING DIRECT Savings Maximiser

ING DIRECT Savings Maximiser

Maximum Variable Rate


Standard Variable Rate

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Link this account with an ING Direct Orange Everyday account and deposit at least $1,000 per month to earn up to 3.00% p.a.

  • Ongoing, variable 3.00% p.a. when you link to an ING Orange Everyday bank account and deposit + each month
  • $0 Account keeping fees
  • One of the most competitive interest rates around

Product details

It's easy to meet the depository requirements of the Savings Maximiser – all you need to do is deposit at least $1,000+ into any personal ING DIRECT account in your name (excluding Living Super) by the last day of the preceding calendar month. You can spend the funds and still be eligible.

The bonus interest applies on one Savings Maximiser per customer up to a balance of $250,000.

Product Name
ING DIRECT Savings Maximiser
Maximum Variable Rate
3.00% p.a.
Standard Variable Rate
2.00% p.a.
Bonus Variable Rate
1.00% p.a.
Introductory / Bonus Offer Conditions
Earn 3.00% p.a. when you open an Orange Everyday Account and deposit $1,000+ into it each month. Rates available on balances up to $100,000.
Monthly Fee
Minimum Opening Deposit
Internet Banking
Internet Transaction Fee
Phone Banking
Phone Transaction Fee
Joint application?
Minimum Age Requirement
Maximum Age Requirement
No Maximum Age
Covered by Government Guarantee?
Yes (Up to $250,000 per person, per institution)

What are the features of the ING DIRECT Savings Maximiser?

When comparing savings accounts between different banks consider the following benefits and features that ING DIRECT has to offer you and your savings ambitions.

Standard variable interest rate of 2.00%

Your savings balance will have a variable interest rate of 2.00% p.a. applied to it each month.

Competitive bonus variable interest rate (one of the highest in the market) of 3.00% p.a.

If you have linked an Orange Everyday Bank Account from ING DIRECT with your Savings Maximiser and deposit at least $1,000 into either account, you will receive bonus interest of 1.00% p.a. on your balance. This makes the total interest applied for the month a competitive 3.00% p.a.

Limitations to the bonus interest rate

This is only applicable to one savings account and for balances that do not exceed $100,000. It is a variable interest rate, so will most likely move alongside the RBA cash rate. If you like to compare savings accounts where the maximum rate applies to a balance of more than $100,000, please see this page.

Calculating the interest earned

Interest is calculated daily and paid into the account once a month. If you qualify for the bonus rate one month by meeting the $1,000 deposit requirement, that amount is applied to the balance the following month. If you miss the deposit requirement for one month, you are still able to qualify again the following month.

Do I have to deposit my pay or can it come from an external account?

The $1,000+ deposit requirement doesn't have to come from your pay, but it sure makes it easier to get the bonus rate as you can 'set and forget'. However, if the salary option doesn't suit you, you can still transfer the funds from an external account.

$0 Account fees

There are no monthly maintenance fees associated with this account. In addition, you are not charged when you transfer money in and out of the account, no matter how many times you make transactions each month.

Online transfer options

You can make transfers in and out of your account online, over the phone or by using a mobile application.

Linked Australian bank account

It's recommended that you link this account with an ING Everyday account so you can receive the bonus interest.

Additional terms

Customers may hold only one Savings Maximiser account at a time, even when a partner listed on a joint account. Compare all ING Direct everyday and savings accounts here.

Can I deposit a cheque into this account?

You can deposit a cheque into this account via Bank@Post. Please note you can't deposit a cheque via another financial institution.

Benefits you get with the ING Direct Orange Everyday account
  • ATM Rebate offer. If you meet the depository conditions from an external bank account to any ING Direct personal account in your name (excludes the ING Living Super) then any ATM fee charged by the ATM operator in that particular month is rebated immediately after the transaction.
  • 2% cash back. Applies to contactless Visa Paywave purchases under $100 that are made in Australia (conditions apply). It comes with a linked Visa debit card.
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  • Competitive ongoing interest rate of 2.00% p.a.
  • $0 p.a. account keeping fees
  • Can link to ING Direct Orange Everyday account for cash back
  • Bonus interest rate only applies up to $100,000
  • Need to link with ING Direct Orange Everyday account

How do I apply for the ING DIRECT Savings Maximiser?

If this is the savings account that will get help you meet your goals with ease, you can quickly apply online by clicking ‘go to site’. Before you continue to the secure application page, check that you are able to meet the eligibility requirements set forth by ING DIRECT:

Am I eligible to apply online?

  • Minimum age requirement. Applicants aged 13 or older will be considered for this account.
  • Residency requirement. You must be an Australian permanent resident or citizen with a residential address in Australia in order for ING DIRECT to open a savings account in your name.
  • Savings account use requirement. This account is for personal use only. If you wish to find a similar savings account for business purposes look into the ING DIRECT Business Optimiser account.

If you're applying online, it's a good idea to apply for the Orange Everyday account first, as you can then select an option to also open up a Savings Maximiser account. This will save you from processing two different applications.

What documents do I need to provide?

If you are able to meet these requirements, proceed to the application with the following documentation readily available:

  • Identification documents. In order to verify your identity, ING DIRECT will need information from two separate forms of ID. This could be a driver’s licence, passport, Medicare card or birth certificate. This will be used to verify your identity electronically. If ING DIRECT is unable to accomplish this with the documentation you provide, you may be asked to verify your identity in person.
  • Account details. If you already have an account with ING DIRECT, they will need the account number and your client number in order to link your savings with your everyday account.
  • Personal details. In addition to your name and date of birth, you will need to supply an Australian residential address and telephone number.
  • Tax File Number (TFN). Although not mandatory, if you do not supply the bank with your TFN, the highest marginal rate will prevail when tax is deducted.

What happens after the application process?

When the application is complete you can submit it to ING DIRECT online. If they are able to verify your identity electronically your account will be opened instantly and you can begin depositing money to be saved.

What if I'm a non-resident or not eligible to apply online?

It's advised that you contact ING DIRECT on the phone to proceed with your application. ING DIRECT is an online bank and therefore, doesn't have any physical branches to visit.

Can this account be opened as a joint account? Also are there any account service fees related to the transaction account that also needs to be opened?

The ING DIRECT Savings Maximiser account can be opened as a joint account. ING DIRECT does not charge any fees for this account, but if you have a linked transaction account, the bank in question might charge you a fee when transferring funds into your Savings Maximiser account. To find out about these applicable fees, you should contact your third-party bank.

What would the interest rate be for deposits of $250,000 which is the Government Guarantee ceiling. Also, what happens if by depositing the extra $1,000 per month, that happens to the interest rate after the first deposit?

For the ING Direct Savings Maximiser account, any amounts above $100,000 are subject to the Savings Maximiser standard variable rate applicable at the time. We suggest that you contact ING DIRECT to discuss any concerns you may have about interest charged.

Is this account available to a trust? If not what is the best rate available to a trust for a period of between 2 to 6 months (term deposit or otherwise) for an amount of approximately $1.2m.

Unfortunately the ING Direct Savings Maximiser account cannot be opened for trustee purposes. As is an online comparison service, we cannot advise you on the best rate for your situation. We recommend that you get in touch with ING Direct to discuss your needs.

If I have a cheque to deposit into the account, where is the nearest office I could find in Victoria? Or, is there another way of doing it online?

As ING Direct is a branchless bank, they’ve partnered with Australia Post to provide you with access to their Bank@Post outlets where you can deposit your cheque. Alternatively, you can post the cheque to ING Direct. Please note that you will need to write your client number and account number on the back of the cheque.

I’d like to know the bonus interest rate on Savings Account, a) How long will this rate lasts (3 or 4 month) before it goes back to the normal rate? b) Do I need to have some balance in my everyday Orange a/c?

It’s important to note that we’re a comparison service, not ING DIRECT, so our answers are general in nature. This rate is offered each month as long as $1,000+ is deposited into your account from an external account each month. You must also have an Orange Everyday bank account opened. Finally, the rate is only offered on account balances up to $100,000. The Orange Everyday does not need to hold a specific balance for you to earn the bonus interest.

Can a SMSF apply and does it get the same bonus rate?

Unfortunately this account cannot be opened for business, trade, superannuation or trustee purposes.

I asked the question what is the best deposit rate for $1M please. Either variable or fixed term up to 6 months.

As is an online comparison service, we cannot recommend certain products. However, you might be interested to compare high interest savings accounts.

Is the bonus rate introductory and / or have a time limit? i.e. as long as the balance requirements are met, how long is the interest rate set at this amount?

The ING DIRECT Savings Maximiser account offers the bonus rate if you also own an Orange Everyday bank account and deposit $1,000 each month from an external account.

I already have a savings maximiser account, and was wondering if I could convert it to a joint account? I had a look through your FAQ’s but couldn’t an answer for this particular question.

Unfortunately once you’ve opened a savings account in your own name, you can’t add another name to the account. We recommend getting in touch with ING DIRECT to discuss your options.

Is financially better to have myself and my wife as two separate account holders with 100,000 in each.

As is an online comparison service, we cannot provide specific advice regarding your financial situation. Your best course of action would be to contact your financial planner directly.

Can this account be opened as a joint account?

It is possible to open this account as a joint account. To open a joint ING Direct Savings Maximiser or Term Deposit account, you can apply online through their website. Please note that a joint Savings Maximiser or Term Deposit must be linked to an existing joint bank account, held in the same names that you submit in your application.

I Have $930000 i would like to put in a high interest account. I would like my rent to be paid directly from that account to the real estate every week. what is the highest interest account that can do that every week that you have?

As is an online comparison service, we can not recommend specific ING DIRECT products. Your best course of action would be to visit their website or get in touch with an ING Direct representative directly to see what their highest rates are. However, you might be interested to compare different ING Direct savings accounts.

This may or may not be a question for you, but we are interested in opening an account to hold some of our companies funds. Are we best to open an account and have our personal details as the account holder, or are we best to open the account in our company name?

As is an online comparison service, we cannot recommend specific products, lenders or financial strategies. However, you may be interested to read more about how to compare business bank accounts.

Can we open the Direct Savings Maximiser as a joint account?

Yes you can.

Is the bonus rate for Direct Savings Maximiser Account only for new customers?

You don’t have to be a new customer to be eligible, though please note that the bonus interest applies on one Savings Maximiser per customer.

I just got my Australian PR and would only be making my move to Aussie in end 2016. Would I be able to do a TT from Malaysia to this account on a monthly basis to earn the interest?

You won’t be able to do a TT directly from Malaysia to this account on a monthly basis. You’ll need to transfer the funds into your linked account first, then transfer the funds into your Savings Maximiser.

If I deposit over $600,000 what sort of facility that yields the highest interest? On what term it would be?

If you deposit over $600,000 the highest standard variable rate will apply to the first $100,000. Any amounts beyond $100,000 will be subject to the standard variable rate.

How long is the bonus interest rate applicable, is it for a limited time?

At the moment the bonus interest rate is ongoing as long as you meet the conditions. Since this rate is variable, it can change at any time.

Can you set up direct debits with an ING savings maximiser account? i.e. I want to pay my gas bill from the account. Can I set up with the energy company to debit from the maximiser?

Unfortunately you can only set up a direct debit going into the Savings Maximiser, but not going out. You’ll need to set up the direct debit through your linked account instead.

A few months ago I have close my Savings Maximiser account. I am only interested on the current interest rate with Maximiser. Can I open a 2 new maximiser account and only one Orange account for Link up.

The bonus interest rate can only apply when you also have an Orange Everyday. It applies on one Savings Maximiser per customer (even if you’ve had one in the past) for a calendar month when you make a deposit of at least $1,000 from an external bank account to any personal ING DIRECT account in your name (excluding Living Super) by the last day of the preceding calendar month.

What does 'maximum' variable rate mean?

The maximum variable rate is the standard variable rate plus the bonus interest rate. Be mindful that these often reflect the introductory interest rate or the conditional bonus rate.

What deposit interest rate can you offer for a deposit of close to $500,000 if no withdrawals in the month?

As we’re not ING DIRECT we can’t offer interest rates other than what is shown on the ING DIRECT website.

Im looking for a high interest bearing account were I would like to invest around 100K+ and have the option of daily withdrawal without it affect my interest return.

Please see our comparison of high interest saving accounts on this page. If you click on ‘maximum variable interest rate (p.a.)’ it will automatically sort the products into ascending order for you. Be mindful that these accounts have conditions attached to them, like if you make a withdrawal you could lose the bonus interest, this is something to keep in mind during your comparison.

Do you offer offshore banking for international clients? I intent to visit Australia end of the year or middle next year, so I want to open a savings account that provide some interest on the balance ……

This account can be opened as an offshore bank account. However, please note that you won’t be able to apply online, you’ll need to call ING Direct to open an account.

My mother wants to know if her funeral expenses could be paid from the ING savings maximiser if she passes away?

This is possible, your mother will need to speak to ING Direct to organise this. She may need to assign a power of attorney to be able to release the funds upon her death.

Just wanted to clarify: 1. My regular income into the Orange Everyday account would count as the external bank transfer to receive the bonus rate? 2. The interest on the Savings Maximiser is calculated at the end of each calendar month so it’s possible to transfer what I don’t need that day from my everyday account into the savings account to maximise my interest, then transfer what ever I need out of the savings account after that day? Are there fees for transferring between the daily and savings account?

Yes, as long as the income comes from an external bank account (one not with ING DIRECT). 2. Yes, this can be done as there are no fees for transferring between the two accounts.

How can one open an account?

You can open an account by clicking the ‘Go to Site’ buttons on this page. This will securely take you to the ING DIRECT website to start an online application.

I am a US citizen, conduct no business in Australia and never travel there, but am looking to open an ING Direct savings. Am I able to open one?

Unfortunately ING DIRECT accounts can only be opened by Australian residents with Australian mobile numbers.

My girlfriend and I are looking for a high interest rate savings account for the purpose of buying a house. Both of us are international students. The goal is not to withdraw money from the account until we purchase a house. Which account will provide us most bang for our bucks?

We’re not able to recommend a specific product, so I would recommend comparing the different accounts on this page, taking into account how often you will be making deposits, and how long you wish to save for, as some rates are only offered for a limited amount of time as part of a promotion. You might also want to consider a term deposit, as these penalise you from withdrawing, which may help you avoid making any withdrawals until you’re ready to purchase a home.

I want to open a savings account which attracts high interest. I will deposit money every week. I don’t want to pay any fees. I will not draw on this account for 12 month at lease. Can you please suggest the best account for me?

Please note that we don’t recommend specific products, services or providers. You may want to have a look at this page and refer to the 'regular savers' tab. You can sort through the interest rates by using the sorter buttons in the blue table.

Can I open a saving maximiser account even if I’m not resident in Australia, but I’ve got an Australian citizenship?

You’re eligible for this account as long as you’re an Australian resident for taxation purposes (18 years or older) and have an Australian residential address. You’ll need to have your Medicare Card, Australian Drivers Licence, Passport or Australian Birth Certificate handy as you may need them if you elect to confirm your identity electronically.

Don’t have a credit card or pay online bank account. Can I get one for free?

You can compare no annual fee credit cards on this page. Please note that a credit card is not linked to this account.

I am currently residing in the uk but hoping to return to Australia sometime next year. I have recently sold a block of land in Australia and the funds will be in my NAB account tomorrow. I hold a full Australian passport and have a personal tax number. I have been in the UK since 2005 so my Medicare membership will be suspended. Am I able to open an ING Maximiser Savings Account?

To be eligible for this account you must be an Australian resident and have an Australian residential address and tax file number. You must also have an Australian Medicare Card, Driver’s Licence, Passport or Birth Certificate to use for electronic identification.

Trying to submit an application for a Savings Maximiser. My passport number is accepted as part of the ID verification, but my Medicare card number (valid, correct, in front of me) has been rejected twice. I work remotely and would struggle to reach an Australia Post office during their opening hours, can I complete the verification some other way?

On the application form the only option provided is to send the documents through the mail. No stamp is required, so you may want to consider dropping it off in the Post Office boxes located outside the actual Post Office (you can do this outside of opening hours). If these options don’t suit you, I’d recommend that you get in touch with ING directly to discuss your options.

I am interested in opening this account but only in my name . I will have my husbands consent. The Linked account would be a joint account in both our names, is this ok or will I need to produce a linked account in my sole name?

Unfortunately the external bank account must be held in Australia and in the same name(s) as your Savings Maximiser with us (maximum two names). You’ll need to produce a linked account in your sole name.

Are there any savings accounts that restrict withdrawals, e.g. you need 30 days notice to withdraw funds. I need a deterrent to withdraw funds, other than a restricted interest rate. There used to be accounts that you needed to give notice to withdraw funds – Teachers Credit society used to have such an account. Similar to a Christmas Club account

There are some accounts such as notice savers, which require a certain amount of time to be given to your bank before you can access funds. These accounts give you a choice of how much notice you’ll need to give, with some requiring as little as 30 days, and some as much as 90 days.

I occasionally travel to Australia from India for work. I’m looking for a zero balance and no monthly fee bank account. Please advise the best.

Keep in mind that many savings accounts will require you to have an Australian residential address and be a resident for tax purposes. Some banks will allow you to open accounts while overseas but will require that you verify your identity and that you have a valid residential address. If you fulfil these requirements you can compare bank accounts on this page. You can use the table on this page to sort through accounts which charge no monthly account fees. Keep in mind that even if some of these accounts show a monthly account fee, they may still waive this if you deposit over a certain amount into it each month (this usually ranges from $1,000 to $2,000).

I am a Software Engineer, and would travel on project need basis. I may not be paid every time in AUD, but i need to spend in AUD. My company will help me with the address and supporting documents, but would not be able to do a monthly deposit to the account. Hence looking for a Zero balance account with no monthly charges. We usually get these offerings with almost every national banks in India.

One option you may want to consider a multi currency bank account, as these accounts allow you to accept deposits and send funds in a range of currencies. Another option you may want to consider is as you mention a bank account with zero monthly fees.

I don’t understand when the maximum rate applies. I also don’t understand why I would use a term deposit account with a lower rate than this one.

In regards to term deposits, there are some reasons why people would still want to invest using these. As they offer a fixed rate, there is an extra layer of security as rates will not drop if the cash rate and other economic factors cause banks to reduce rates. In addition, because they have penalties for withdrawing money during the fixed term, it can remove some of the temptation for investors to access their funds.

When the 4 months is up can you close and re open the account to receive the introductory rate again? I am with NAB at the moment and they do this for me with the isaver.

The Savings Maximiser bonus rate is only offered for new customers.

What does a linked account mean?

This is a transaction account that you link to your high interest savings account (HISA). All the funds that you want to transfer to and form your HISA needs to go through the transaction account.

Hi I already have a Savings Maximiser account but want to open a joint one with my partner. Is it possible to add him to my Current account and then we can both have access to it?

Unfortunately once you’ve opened a Savings account in your own name, you can’t add another name to the account. However, ING Direct recommends that you call them to discuss your options.

I have been an ING customer before.I have had a savings maximiser account before as well. If I wanted to open a new savings maximiser account is it considered a new account? Can I withdraw money monthly? Is there a stipulation that you can only withdraw if you also put money in every month as in save money into that account?

The bonus interest rate applies to the first Savings Maximiser you open. You can withdraw and deposit funds as you like, the standard variable rate will still apply.

I have an online savings account which I call our funeral and emergency account. My requirements are the highest interest rates available without making deposits as interest would do this. Do your bonus rates continue though-out the continuation of this account? We are in our mid 70? and therefore pay no taxation on our accounts. This account is intended to accumulate interest only so we require the highest rate possible except for the afore missioned. The amount is not over large but in the range of $30,000. I would wish to conduct all via the internet.

The bonus interest rate on this account lasts for four months, after which you’ll receive the standard variable rate, plus you could also earn the loyalty bonus rate. You might want to compare accounts with ongoing bonus interest payments.

A few years ago I set up savings accounts for my kids and like most kids savings accounts the interest rate is pretty poor until you get to a certain balance. My question is; is there a minimum deposit required to open the account on a reasonable interest rate and is there a minimum monthly deposit that needs to be made? I have no savings goal in mind, just want to give them a start in life without sending me broke in the process.

There’s no minimum deposit for this account at the time of writing, or a minimum monthly deposit to get the bonus interest. The bonus interest is available for new account holders only, that is, those who have never held a ING Direct Savings Maximiser account before.

Can we use the account for our DIY super fund as we have some monies to invest at present.

Unfortunately this product isn’t available for use with SMSF.

I visit Australia on a regular basis but I am not a resident. Can I open one of these accounts

To be eligible for this account you must be an Australian resident for tax purposes and have an Australian residential address and phone number. Unfortunately most Australian bank accounts require account holders to be Australian residents. In the case of travellers coming to Australia for an extended period of time, some banks will allow you to open an account from overseas, but will require your passport and other information within a number of weeks of arriving.

Is your savings maximiser accessible at any time?

This savings account allows you to access funds at any time through the bank account you link to it.

I am looking to open a Savings Maximiser Account. . How soon after applying online will I be able to pay money into the account? I have previously set up a bonus account with another institution but it took them 3 weeks to send me details of the account number so I could pay the money in so I lost nearly one month of the ability to receive a bonus. Your information says the account is set up immediately after applying – does the 4 months start from the application date and can I pay money in immediately?

If ING DIRECT can confirm your information electronically, your account will be open immediately. You’ll need to activate it by moving money from your linked account to your new Savings Maximiser and you’ll also receive a Starter Pack in the mail with your new account details. The bonus interest rate applies from the date the account is opened.
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77 Responses to ING DIRECT Savings Maximiser Savings Account

  1. Default Gravatar
    Hamish | April 13, 2016

    Do I need to have an Orange Everyday Bank Account from ING DIRECT to be eligible for the 3.5% p.a rate?
    Am I able to only open a savings maximiser, transfer from a different bank at least $1000 per month and still be eligible for the 3.5%?

    • Default Gravatar
      Harry | April 13, 2016

      Hi Hamish,

      Thanks for your question.

      In order to receive the 3.5% bonus interest rate, you must satisfy the following conditions:

      1. You must have an Orange Everyday Bank Account.
      2. You must deposit a minimum of $1,000 every month.

      You can make a deposit from an external bank account, however you must meet the above conditions. If you don’t meet those conditions, the interest rate will revert to the variable base rate for that particular month.

      I hope this helps,


  2. Default Gravatar
    Julia | April 8, 2016

    Can the bankcard be used in ATMs overseas? If so, what are the charges?

    • Default Gravatar
      Harry | April 11, 2016

      Hi Julia,

      Thanks for your question.

      You can use the debit card overseas. You have access to over 1 million ATMs in ING Direct’s overseas network. There are two main fees that apply for international transactions.

      1. International purchase. There is a fee of 2.5% of the transaction amount.
      2. International ATM withdrawal. There is a fee of $2.50 for every overseas ATM withdrawal.

      The ATM operator may charge its own fees as well. This will vary at every ATM.

      Find out more about the best debit card for overseas, here.

      I hope this helps,


  3. Default Gravatar
    Judith | April 8, 2016

    Hi, just want to confirm there is a limit in place as to how much you can have in the account before the high interest will not be payed as i have approx 350k with another bank but am looking for a higher return.

    • Default Gravatar
      Harry | April 11, 2016

      Hi Judith,

      Thanks for you question.

      The bonus variable interest rate only applies to accounts with an amount totalling $100,000. The maximum variable rate is 3.50% per annum. The bonus rate is only applicable if you meet the conditions. You must open an Orange Everyday account and deposit $1,000 or more each month. If you don’t meet these conditions, the interest rate will revert back to 2.25% p.a.

      Learn how to get the maximum variable rate on your savings for balances more than $250,000 here.

      For more information, compare the best savings accounts here.

      I hope this helps,


  4. Default Gravatar
    Derrick | April 6, 2016

    how do I log on to my account

    • Staff
      Shirley | April 6, 2016

      Hi Derrick,

      Thanks for your question.

      Please head over to the official ING DIRECT website and click on “login” on the top right hand corner.

  5. Default Gravatar
    ben | March 13, 2016

    Hello, to be eligible for the 3.5%, can I transfer $1000 from another bank account into the maximiser? Or does it strictly have to go from Orange everyday to maximiser? Thanks

    • Staff
      Shirley | March 14, 2016

      Hi Ben,

      Thanks for your question.

      Yes you can transfer from another bank straight into the Maximiser. Doesn’t have to go into the Orange Everyday account.

  6. Default Gravatar
    Chris | March 10, 2016

    Is there a cap on the amount of interest paid?

    • Staff
      Shirley | March 11, 2016

      Hi Chris,

      Thanks for your question.

      No there’s no cap – but please note the bonus interest will only apply up to a balance of $100,000.

  7. Default Gravatar
    Medha | March 7, 2016

    Can you please advise how long this 3.5% interest rate applies?

    • Staff
      Shirley | March 8, 2016

      Hi Medha,

      Thanks for your question.

      It’s currently an ongoing, variable rate assuming you meet the conditions every month.

      Hope this helps.

  8. Default Gravatar
    George | February 27, 2016


    If I deposit $1,000 into the ING DIRECT Savings Maximiser at the beginning of the month then for some reason, require to withdraw $2,000 funds later in the month, will the 3.5% interest still apply to the remaining balance for that month?


    • Staff
      Shirley | February 29, 2016

      Hi George,

      Thanks for your question.

      Yes the 3.50% interest will still apply to the remaining balance of that month.

      Hope this helps.

  9. Default Gravatar
    Val | February 19, 2016

    I already have a maximiser a/c with you can I open another one?

    • Staff
      Shirley | February 22, 2016

      Hi Val,

      Thanks for your question.

      You can open another Savings Maximiser, but please note that the bonus interest only applies to one.

      Hope this helps.

  10. Default Gravatar
    Tracey | February 18, 2016

    I plan to open both the Savings Maximiser and the Everyday Account.
    If I have say $20,000 in the Savings Maximiser and then deposit $1000 each month in the Orange Everyday Account am I earning 3.5% on the total balance of both accounts eg, $41,000?
    Thank you

    • Default Gravatar
      Tracey | February 18, 2016

      oops re my figures (thanks for correcting this). Thanks for your help,

    • Staff
      Shirley | February 18, 2016

      Hi Tracey,

      Thanks for your question.

      You’ll be earning the 3.50% on the balance in the Savings Maximiser. If you’d like to earn 3.50% on the full balance ($21,000 as indicated in the situation you’ve provided), you’ll need to transfer the $1,000 from the Orange Everyday account into the Savings Maximiser. Transfers are processed immediately.

      Hope this helps.

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