In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other business term deposit accounts
  • Your reviews
  • Ask a question
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ING Business Term Deposit

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Updated
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
  • Compare other business term deposit accounts
  • 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

2023 Transaction Account Customer Satisfaction winner

ING

ING took the top spot in our Transaction Account category this year, with 92% of the users that we surveyed saying they'd recommend the bank to a friend. Its customer satisfaction rating was 4.50 out of 5. Find more about Finder Banking Satisfaction Awards 2023.

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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.

Compare other business term deposit accounts

1 - 10 of 29
Updated regularly
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Westpac Business Term Deposit
Westpac logo
$5,000 min. deposit$250,000 max. deposit
3 Mths p.a.
3.50%
4 Mths p.a.
3.55%
5 Mths p.a.
3.65%
6 Mths p.a.
3.75%
7 Mths p.a.
3.80%
12 Mths p.a.
4.25%
24 Mths p.a.
4.00%
More Info
ME Business Term Deposit
ME logo
$5,000 min. deposit
3 Mths p.a.
2.05%
4 Mths p.a.
4.35%
5 Mths p.a.
0.85%
6 Mths p.a.
4.50%
7 Mths p.a.
1.35%
12 Mths p.a.
4.60%
24 Mths p.a.
2.00%
More Info
Commonwealth Bank Business Term Deposit
Commonwealth Bank logo
$5,000 min. deposit
3 Mths p.a.
3.45%
4 Mths p.a.
3.50%
5 Mths p.a.
3.60%
6 Mths p.a.
3.70%
7 Mths p.a.
3.75%
12 Mths p.a.
4.60%
24 Mths p.a.
3.95%
More Info
ANZ Business Notice Term Deposit
ANZ logo
$5,000 min. deposit
3 Mths p.a.
3.50%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.10%
7 Mths p.a.
3.40%
12 Mths p.a.
4.50%
24 Mths p.a.
-
More Info
Suncorp Bank Business Saver Account flexiRates
Suncorp Bank logo
3 Mths p.a.
4.20%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.60%
7 Mths p.a.
-
12 Mths p.a.
4.70%
24 Mths p.a.
-
More Info
ING Business 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%
12 Mths p.a.
2.00%
24 Mths p.a.
2.40%
More Info
Arab Bank Business Fixed Term Deposit
Arab Bank Australia logo
$1 min. deposit
3 Mths p.a.
3.95%
4 Mths p.a.
3.70%
5 Mths p.a.
3.70%
6 Mths p.a.
4.60%
7 Mths p.a.
-
12 Mths p.a.
4.25%
24 Mths p.a.
3.80%
AMP Business Term Deposit
AMP Bank logo
$5,000 min. deposit$24,999 max. deposit
3 Mths p.a.
4.70%
4 Mths p.a.
4.70%
5 Mths p.a.
5.10%
6 Mths p.a.
5.00%
7 Mths p.a.
4.75%
12 Mths p.a.
5.00%
24 Mths p.a.
4.75%
Bank Australia Business Term Deposits
Bank Australia logo
Green Company
3 Mths p.a.
4.85%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
5.00%
7 Mths p.a.
-
12 Mths p.a.
5.00%
24 Mths p.a.
4.50%
Bank of Melbourne Business Term Deposit
Bank of Melbourne logo
$1,000 min. deposit
3 Mths p.a.
3.55%
4 Mths p.a.
3.60%
5 Mths p.a.
3.70%
6 Mths p.a.
3.80%
7 Mths p.a.
3.85%
12 Mths p.a.
4.30%
24 Mths p.a.
4.05%
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Showing 10 of 29 results
Sources
  1. ING Business Term Deposit information page
  2. ING Business Term Deposit TMD

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Alison Finder

Editor

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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


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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.?


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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


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Avatar

Alison Banney

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full profile

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