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ING Savings Accelerator

Shirley Liu
Shirley Liu
Last updated:  

The bigger your balance, the more interest you'll earn with an ING Savings Accelerator account.

ING offers the serious saver a tiered savings account that could accelerate your financial growth. The ING Savings Accelerator rewards you with higher interest rates for larger balances. These rates are variable and tiered, applied to every cent in your savings account. The Savings Accelerator will need to be linked to another account to allow you to move your money in and out easily.

0.1% p.a.

Maximum variable rate

0.1% p.a.

Base interest rate

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Details

Product NameING Savings Accelerator
Maximum Variable Rate0.1% p.a.
Standard Variable Rate0.10%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age13

Expert review

Shirley Liu

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

If you are sitting on a nest egg and want to grow that balance securely and quickly, then this is an account worth taking a closer look at.

Key features

Earn more interest as your balance grows

The higher your savings balance, the higher the rate of interest you can earn. Earn up to 1% p.a. on balances of $150,000 or more. A lower rate of interest applies to balances less than $150,000.

$0 Monthly account keeping fees

With the Savings Accelerator you are not charged any fees. You could however be charged a fee by the financial institution which holds your linked account.

Launch savings calculator

How to apply

Both new and existing customers can apply for the ING Savings Accelerator by starting an online application. There are some eligibility requirements that the bank will ensure that you are able to meet before they will issue you the account.

Eligibility

  • Minimum age. Australians as young as 13 years of age are eligible for this account.
  • Residency requirements. You must be an Australian resident for tax purposes. United States citizens and tax residents must state this on the application and provide ING with their social security number (SSN) or tax identification number (TIN).

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