ING SMSF Cash Review, Rates & Information |


Last updated:  

ING can help you invest your DIY cash with a bonus rate for an introductory period.

The SMSF Cash account from ING offers a competitive interest rate on the extra cash from your DIY super. Linked to your ING Business Optimiser Account, you can move your money to the investments that you find give you the best returns. You don’t have to worry with paying fees, meeting terms, or even maintaining a certain balance.

1% p.a.

Maximum variable rate


Base interest rate

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Product NameING SMSF Cash
Maximum Variable Rate1% p.a.
Standard Variable Rate0.10%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Expert review


Review by

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

Get up to 1% for the first 6 months. Available for new customers, for balances up to $1,000,000.

Key features

$0 Monthly fees

ING will not deduct any monthly fees from your savings.

Introductory, variable bonus rate of 1% for the first 6 months

Available for new customers, for balances up to $1,000,000.

Launch savings calculator

How to apply

You will be applying for the Business Optimiser Account if you want ING to help you manage your excess DIY Super Cash.


  • Minimum age. The minimum age required for this account is 18 years old.
  • Residency requirements. You must be an Australian resident for tax purposes, and your business must be registered within Australian.

Ask an expert

To ask a question simply log in via your email or create an account.

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

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 Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.


    Default Gravatar
    April 5, 2019

    My name is Ken and I am 75 yrs old and have started back to work on a part time basis and am earning $650 per week nett and a part aged pension. My employer is also deducting tax and is going to pay me super, my question is what sort of fund would you recommend and how can I open it to provide their Accountant with a fund account number.

      Default Gravatar
      April 6, 2019

      Hi Ken,

      Thanks for reaching out to Finder!

      While we are unable to recommend one product for you, our pages provide options for your SMSF needs. As it says on our page, when choosing a retirement or SMSF account you will want to compare these features to make sure you are getting the best benefits for your money:

      1. Monthly fees. The amount, if any, of monthly fees for your account could make a difference in your savings potential.
      2. Interest rates. These types of accounts sometimes act as a hub for your SMSF, allowing it to earn interest while the money is in between other investments.
      3. Accessibility. While retirement accounts usually work similarly to a cash management account, you could find that there are limits to the number of free transactions you can make each month.
      4. Types of access. Look to see if there is a linked debit card, cheque writing facility, and online banking options in order to access your money.

      You can compare SMSF funds and retirement accounts using our comparison table.

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


    Default Gravatar
    June 14, 2016

    Is this product better than 6 month term?

      Avatarfinder Customer Care
      June 16, 2016

      Hi Suz,

      Thanks for your inquiry.

      Actually, that depends on your financial goals and future financial plans, when you open ING DIRECT DIY Super Cash, you will earn a maximum variable interest rate of 3.75% p.a. for the first six months, which applies to balances of less than $1 million. After the introductory interest bonus period of months, your account will revert and earn a standard rate of 2.75%.

      This account also allows you to make deposits and withdrawals through your linked account at any time.

      I hope this has helped.


    Default Gravatar
    April 21, 2016

    I want to set up a ING Cash account for my SMSF I understand that I set up a Business Optimiser account (In the name of the SMSF) and receive 3% fixed for 6 months is this correct?
    Thank you

      Avatarfinder Customer Care
      April 22, 2016

      Hi Tracey,

      Thanks for your question.

      You can open a ING Direct Living Super term deposit option without a business optimiser. At the time of writing, the rate is 3.10% for 6 months.

Go to site