In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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ING SMSF Term Deposit

ING SMSF Term Deposit
Interest rate 24 months interest rate
Up to 2.4% 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
  • 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 13
Government guarantee Yes

Eligibility

Minimum Age Requirement 13
Joint account availability No
Min Deposit $10,000
Available to children Not available for children under 13 years of age

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.

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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?


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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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