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 Business Term Deposit

  • Avatar
ING Business Term Deposit
Interest rate 24 months interest rate
Up to 2.4% p.a.
Minimum opening deposit
$10,000
Account keeping fee
$0

Summary

Put your excess business funds to work with an ING Business Term Deposit and enjoy reliable returns with a fixed interest rate.

The ING Business Term Deposit offers terms between 3 months and 2 years, for investments between $10,000 and $10 million. You'll earn a fixed interest rate for the life of your term, making it easy to calculate your exact return on investment.

Pros

  • $0 monthly account fee required
  • Fixed interest rate with reliable returns
  • Invest up to $10 million

Cons

  • Minimum deposit of $50,000
  • No terms over 2 years
  • Rates are lower than others in the market

In this guide

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

Details

Key details

Product Name ING Business 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 Yes
Min Deposit $10,000
Available to children Not available for children

Key features

Minimum deposit amount

You need to maintain a balance of at least $50,000 across both your Business Term Deposit and ING Business Optimiser account held in your business name. So you can invest a minimum of $10,000 in the term deposit, as long as you have at least $40,000 in your Business Optimiser account at all times.

Fixed interest rates

A fixed rate of interest is applied to your balance. These are tiered to give you the highest rates when you choose the longest terms.

Launch term deposit calculator


How to apply

ING gives you the option of applying for this account online. Here's what you need for your application.

Eligibility

They will ask you first if you are able to meet their eligibility requirements.

  • Minimum age. You and any of your authorised users for this account must be at least 18 years of age.
  • Residency requirements. All term deposit account holders must be Australian residents for tax purposes.

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Alison Finder

Editor

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

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au 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.

Avatar

terry

May 29, 2018

How much interest will you give for a deposit of 1000000


Avatar

Nikki Angco

May 29, 2018

Hi Terry,


Thanks for reaching out to finder.


Whilst we do not represent ING, you may contact them directly to enquire on how much interest you could possibly earn on your term deposit.


Hope this was helpful. Don’t hesitate to message us back if you have more questions.


Cheers,

Nikki


Show more Show less
Avatar

cooper ironbark

March 21, 2018

Do business term deposits with ING carry the government guarantee of up to $250.000 that term deposits with other big have.?


Avatar

Nikki Angco

March 26, 2018

Hi Cooper!


Thanks for your message and for visiting finder.


The ING Business Term Deposit carries the combined savings of up to $250,000 and is guaranteed by the government.


Should you need more help, please message us anytime.


Thanks and best regards,


Nikki


Show more Show less
Go to site