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
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No account keeping fees
Cons
-
Minimum combined balance of $50,000 across business accounts
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 |
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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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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?