ING Business Term Deposit

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

With a range of terms spanning from just a few months to a couple of years, you can put your extra business capital to good use. ING Business Term Deposit is a high interest earning account that locks away your money to encourage you to let it grow.

Up to 1.4% p.a.

Interest rate

12 months interest rate

$10,000

Minimum opening deposit

$0

Account keeping fee

Details

Product NameING Business Term Deposit
3 month interest rate0.70%
4 month interest rate1.00%
6 month interest rate1.20%
7 month interest rate0.70%
9 month interest rate1.20%
12 month interest rate1.40%
24 month interest rate1.40%
Minimum Opening Deposit$10,000
Minimum Age Requirement18
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Key features

Minimum deposit amount

In order to take advantage of this account you must be able to deposit at least $10,000.

Competitive interest rates

A fixed rate of interest at a competitive rate 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.

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4 Comments

  1. Default Gravatar
    terry
    May 29, 2018

    How much interest will you give for a deposit of 1000000

    • Default Gravatar
      Nikki
      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

  2. Default Gravatar
    cooper
    March 22, 2018

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

    • Default Gravatar
      Nikki
      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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