In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.
ING Term Deposit
Interest rate 12 months interest rate
Up to 4.9% p.a.
Minimum opening deposit
Account keeping fee


Pay no fees and enjoy guaranteed returns on your balance with ING.

The ING Term Deposit Account allows you to invest your money for a period of time that suits you, ranging from 90 days to two years, and earn a fixed, competitive interest rate. You will need a minimum initial deposit of $10,000 for this account.


  • Terms from 90 days to two years
  • Competitive interest rates across all terms
  • Pay no fees on your term deposit
  • A safe way to invest for predictable returns


  • Minimum deposit of $10,000.
  • Must give 31 days notice to access your funds.

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question


Key details

Product Name ING Term Deposit
3 month interest rate 4.75%
4 month interest rate 4.75%
6 month interest rate 4.85%
7 month interest rate 4.65%
9 month interest rate 4.65%
12 month interest rate 4.90%
24 month interest rate 4.50%
Minimum Opening Deposit $10,000
Minimum age requirement 18
Government guarantee Yes


Minimum Age Requirement 18
Joint account availability Yes
Min Deposit $10,000
Available to children Not available for children

Key features

$0 account keeping fees

You don't have to pay any application or account keeping fees to open and maintain an ING Term Deposit.

Competitive interest rates

Your interest rate depends on your chosen term deposit duration. If you deposit at least $10,000 for just 12 months, you'll receive a competitive 4.9% p.a..

Terms from 90 days to two years

Choose to lock away your money for as little or as long as you'd like, from 90 days to two years and several options in between.

Launch term deposit calculator

How to apply

Applying for an ING term deposit is easy and can be done entirely online. This account is for personal customers only, no business or SMSF customers.


  • Minimum age. You're at least 18 years old
  • Residency requirements. You're an Australian resident for taxation purposes

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question

Richard Finder


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

Error label

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.



January 16, 2024

At the end of a 12 month term, what is the difference in capital amount if $200k is invested in a term deposit at 5.3% with interest paid at maturity compared with interest paid monthly?


Richard Whitten Finder

January 23, 2024

Hi Steven,

You can use a term deposit calculator to work this out. I tried and found there was no difference between the 2 options. You can ask ING about this for more details.



December 18, 2023

If I open up an ING term deposit do I need to make regular deposits into the acc to earn interest? I am looking at putting around 150k- 200k for 6-12mths


Jason Loewenthal Finder

January 08, 2024

Hi Carly,

ING term deposits require a minimum deposit of $10,000 and you can choose how long the term is. You don’t make regular deposits after the initial deposit.

I hope that helps.


Nicole Clape

November 29, 2023

If I’m currently not a ING account holder but wish to open a ING term deposit account locked in for 12 months. Do I need to open any other accounts with ING ?


Angus Kidman Finder

December 03, 2023

No, you don’t need to have any other accounts to set up the term deposit with ING.


Graeme Venz

November 18, 2023

Is interest deposited monthly into my account?


Jason Loewenthal Finder

December 11, 2023

Interest is paid at maturity for terms less than 1 year. For terms longer than 1 year interest is paid annually.



September 03, 2023

If we have a joint term deposit account totaling $500,000-Will we be covered by Aust Gov for $250,000 each Hence in total $500,000 for that one account?



Sarah Megginson Finder

September 04, 2023

Hi George, Deposits are protected up to a limit of $250,000 per account holder, per ADI.

APRA confirms that for joint accounts, the amount of protection is determined by splitting the deposit equally between the account holders. Each account holder’s share is then added to any other eligible deposits they hold under their own name at the same bank, building society or credit union before the $250,000 FCS limit is then applied to the total for each person.

In your example, provided each account holder has no more accounts with that bank, both of them would be covered for $250k each, $500k total.

Show more Show less
Go to site