In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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ING Savings Accelerator ($150,000 – $500,000)

ING Savings Accelerator ($150,000 - $500,000)
Maximum variable rate
5.20% p.a.
Base interest rate

Our verdict

The bigger your balance, the more interest you'll earn with an ING Savings Accelerator account.

For a limited time, new ING customers can get a Kick Starter bonus rate of 0.5% p.a. on their savings rate on balances of up to $500,000 for the first 4 months.

The table below shows the rate you can get depending on your balance. The max rate is the total rate (ongoing plus bonus rate). The ongoing rate is what you'll earn once the 4 month Kick Starter bonus is over.

Balance required Ongoing rate Max rate (with bonus)
$150,000–$500,000 4.70%* 5.20%
$50,000–$149,999 3.75% 4.25%
$0–49,999 2.85% 3.35%

*If your balance is over $500,000 (but less than $5 million) you will earn the ongoing variable rate of 4.70%.


  • No conditions on your interest. Earn competitive rates without needing to deposit a certain amount each month or meet transaction requirements.
  • Higher interest rates for larger balances.


  • The combined total deposits in all your Savings Accelerator accounts shouldn't exceed $5 million, whether the accounts are in individual or joint names.

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Special offer:

Savings Accelerator (Kick Starter offer). For a limited time, new ING customers can get a bonus 0.5% p.a. on their savings rate on balances of up to $500,000 for the first 4 months. T&Cs apply.

ING offers the serious saver a tiered savings account that could accelerate your financial growth. The ING Savings Accelerator rewards you with higher interest rates for larger balances. These rates are variable and tiered, applied to every cent in your savings account. The Savings Accelerator will need to be linked to another account to allow you to move your money in and out easily.


Key details

Product Name ING Savings Accelerator ($150,000 - $500,000)
Maximum Variable Rate 5.20% p.a.
Standard Variable Rate 4.70% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 18

Key features

Earn more interest as your balance grows

The higher your savings balance, the higher the rate of interest you can earn. Earn up to 5.2% on balances of $150,000 or more. A lower rate of interest applies to balances less than $150,000.

$0 Monthly account keeping fees

With the Savings Accelerator you are not charged any fees. You could however be charged a fee by the financial institution which holds your linked account.

Launch savings calculator

How to apply

Both new and existing customers can apply for the ING Savings Accelerator by starting an online application. There are some eligibility requirements that the bank will ensure that you are able to meet before they will issue you the account.


  • Minimum age. Australians as young as 18 years of age are eligible for this account.
  • Residency requirements. You must be an Australian resident for tax purposes. United States citizens and tax residents must state this on the application and provide ING with their social security number (SSN) or tax identification number (TIN).

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December 18, 2023

will I lose my interest for the month if I make a withdrawal?


Jason Loewenthal Finder

January 12, 2024

Hi Victoria,

You won’t lose interest for the month if you make a withdrawal.

I hope that helps.



May 05, 2023

Hello there, my name is Michael, I am Irish and currently living/working in Australia. I am looking to set up a savings account that I can use to store money and also transfer back to my irish bank account if needs be.

My question is regarding the cost of international transfers specifically back to Ireland. My current bank account with commbank is charging a percentage per transfer which is making it not financially viable to transfer back home for me. If you had any advice I would be really appreciative.

Thank you very much


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Raj Lal Finder

May 10, 2023

Hi Michael,

We do have a few options here to help you out. We have a guide on how to compare money transfer platforms. The guide helps show what fees you should be aware of and how long it takes. Here is the link

Also we have another page, which also compares transaction accounts with low foreign transaction fees and some providers charge a flat fee for international money transfer. For example HSBC charges a flat fee of $8 to transfer overseas and the account has other benefits. Here is the page



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