In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other SMSF term deposit accounts
  • Your reviews
  • Ask a question
ING SMSF Term Deposit
Interest rate 24 months interest rate
Up to 2.40% p.a.
Minimum opening deposit
$10,000
Account keeping fee
$0

Summary

Get a competitive interest rate for your SMSF and choose a term length that suits you.

To open a SMSF Term Deposit with ING, you need to open a business term deposit. The minimum investment amount is $10,000, and you can choose a term length that suits you from three months to two years.

As a business / SMSF customer, you need to have a minimum combined balance of $50,000 across any ING Business Optimiser and ING Business Term Deposit accounts held in your business entity's name (or SMSF name).

Pros

  • Fixed interest rate
  • Term lengths from three months to two years
  • Reliable, predictable returns
  • No account keeping fees

Cons

  • Minimum combined balance of $50,000 across business accounts

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other SMSF term deposit accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name ING SMSF Term Deposit
3 month interest rate 0.50%
4 month interest rate 0.50%
6 month interest rate 1.50%
7 month interest rate 0.80%
9 month interest rate 1.70%
12 month interest rate 2.00%
24 month interest rate 2.40%
Minimum Opening Deposit $10,000
Minimum age requirement 18
Government guarantee Yes

Eligibility

Minimum Age Requirement 18
Joint account availability No
Min Deposit $10,000
Available to children Not available for children

2nd most Loved brand in 2024 Customer Satisfaction winner

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Key features

$0 Account keeping fees

There are no monthly fees charged on the account.

Guaranteed by the Australian Government

Balances of $250,000 per customer is covered by the Government Guarantee.

Launch term deposit calculator

How to apply

You can open a term deposit online in less than 15 minutes.

Eligibility

  • Minimum age. You must be over 18 years old.
  • Residency requirements. This account is for Australian residents only.

Compare other SMSF term deposit accounts

Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 11 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Judo Bank SMSF Term Deposit
Judo Bank logo
3 Mths p.a.
4.95%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
5.05%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
5.00%
24 Mths p.a.
4.70%
Go to siteMore Info
Beyond Bank SMSF Term Deposit
Beyond Bank logo
$100,000 min. deposit$5,000,000 max. deposit
3 Mths p.a.
-
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
-
7 Mths p.a.
-
11 Mths p.a.
4.95%
12 Mths p.a.
-
24 Mths p.a.
-
ING SMSF Term Deposit
ING logo
$10,000 min. deposit
3 Mths p.a.
0.50%
4 Mths p.a.
0.50%
5 Mths p.a.
-
6 Mths p.a.
1.50%
7 Mths p.a.
0.80%
11 Mths p.a.
-
12 Mths p.a.
2.00%
24 Mths p.a.
2.40%
More Info
Australian Unity SMSF Term Deposit
Australian Unity logo
$5,000 min. deposit
3 Mths p.a.
4.60%
4 Mths p.a.
1.10%
5 Mths p.a.
1.10%
6 Mths p.a.
4.65%
7 Mths p.a.
1.45%
11 Mths p.a.
1.70%
12 Mths p.a.
4.50%
24 Mths p.a.
3.90%
Rabobank Term Deposit (SMSF)
Rabobank logo
$1,000 min. deposit$2,000,000 max. deposit
3 Mths p.a.
4.85%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.90%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.75%
24 Mths p.a.
4.20%
More Info
Macquarie Bank Term Deposit
Macquarie Bank logo
$5,000 min. deposit$999,999 max. deposit
3 Mths p.a.
4.95%
4 Mths p.a.
4.85%
5 Mths p.a.
-
6 Mths p.a.
4.85%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.65%
24 Mths p.a.
3.90%
More Info
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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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ALEXANDRA

July 17, 2018

Hi, can I open 1-year term deposit my the name of 14 YO daughter? advert rate is 3%, is it correct?


Avatar

Arnold

July 17, 2018

Hi Alexandria,


Thanks for your inquiry


Yes, the ING SMSF term deposit allows you to open a term deposit for children below 18. You may open an account online by visiting ING’s website.


Hope this information helps


Cheers,

Arnold


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