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ING Savings Maximiser

ING Savings Maximiser

Maximum Variable Rate


Standard Variable Rate

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Link to an ING Orange Everyday account and deposit at least $1,000 per month and make 5+ card purchases a month to earn up to 1.80% p.a.

  • Ongoing, variable 1.80% p.a. when you link to an ING Orange Everyday bank account and deposit $1,000+ each month and make 5+ card purchases a month
  • Available on balances up to $100,000
  • $0 Account keeping fees

Product details

It's easy to meet the depository requirements of the Savings Maximiser – all you need to do is deposit at least $1,000+ into any personal ING account in your name (excluding Living Super) by the last day of the preceding calendar month and make 5+ card purchases a month. You can spend the funds and still be eligible.


The bonus interest applies on one Savings Maximiser per customer up to a balance of $100,000

Product Name
ING Savings Maximiser
Maximum Variable Rate
1.80% p.a.
Standard Variable Rate
0.10% p.a.
Bonus Variable Rate
1.70% p.a.
Introductory / Bonus Offer Conditions
Earn 1.80% p.a. when you link to an Orange Everyday account and deposit 1000+ each month and make 5+ card purchases a month.
Monthly Fee
Minimum Opening Deposit
Minimum monthly deposit for bonus interest rate
Internet Banking
Internet Transaction Fee
Phone Banking
Phone Transaction Fee
Joint application?
Minimum Age Requirement
Maximum Age Requirement
No Maximum Age
Covered by Government Guarantee?
Yes (Up to $250,000 per person, per institution)

What are the features of the ING Savings Maximiser?

When comparing savings accounts between different banks consider the following benefits and features that ING has to offer you and your savings ambitions.

Standard variable interest rate of 0.10% p.a.

Your savings balance will have a variable interest rate of 0.10% p.a. applied to it each month.

Competitive maximum variable interest rate of 1.80% p.a.

If you have linked an Orange Everyday Bank Account from ING with your Savings Maximiser and deposit at least $1,000 into either account and make 5+ card purchases a month, you will receive bonus interest of 1.70% p.a. on your balance. This makes the total interest applied for the month a competitive 1.80% p.a.

Limitations to the bonus interest rate

This is only applicable to one savings account and for balances that do not exceed $100,000. It is a variable interest rate, so will most likely move alongside the RBA cash rate. If you would like to compare savings accounts where the maximum rate applies to a balance of more than $100,000, please see this page.

Calculating the interest earned

Interest is calculated daily and paid into the account once a month. If you qualify for the bonus rate one month by meeting the $1,000 deposit requirement and make 5+ card purchases a month, that interest is applied to the balance the following month. If you miss the deposit requirement for one month, you are still able to qualify again the following month.

Do I have to deposit my pay or can it come from an external account?

The $1,000+ deposit requirement doesn't have to come from your pay, but it sure makes it easier to get the bonus rate as you can 'set and forget'. However, if the salary option doesn't suit you, you can still transfer the funds from an external account.

$0 Account fees

There are no monthly maintenance fees associated with this account. In addition, you are not charged when you transfer money in and out of the account, no matter how many times you make transactions each month.

Online transfer options

You can make transfers in and out of your account online, over the phone or by using a mobile application.

Linked Australian bank account

It's recommended that you link this account with an ING Everyday account so you can receive the bonus interest.

Additional terms

Customers may hold only one Savings Maximiser account at a time, even when a partner listed on a joint account. Compare all ING everyday and savings accounts here.

Can I deposit a cheque into this account?

You can deposit a cheque into this account via Bank@Post. Please note you can't deposit a cheque via another financial institution.

Benefits you get with the ING Orange Everyday account

  • ATM Rebate offer. If you meet the depository conditions from an external bank account to any ING personal account in your name (excludes the ING Living Super) then any ATM fee charged by the ATM operator in that particular month is rebated immediately after the transaction.
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  • Competitive ongoing interest rate of 1.80% p.a. if you meet the conditions
  • $0 Account keeping fees
  • Fee-free ATMs around the world with the linked transaction account (conditions apply)


  • Need to deposit at least $1,000 per month and make 5+ card purchases a month to earn bonus interest
  • Bonus interest rate only applies up to balances of $100,000

How do I apply for the ING Savings Maximiser?

If this is the savings account that will get help you meet your goals with ease, you can quickly apply online by clicking ‘go to site’. Before you continue to the secure application page, check that you are able to meet the eligibility requirements set forth by ING:

Am I eligible to apply online?

  • Minimum age requirement. Applicants aged 13 or older will be considered for this account.
  • Residency requirement. You must be an Australian permanent resident or citizen with a residential address in Australia in order for ING to open a savings account in your name.
  • Savings account use requirement. This account is for personal use only. If you wish to find a similar savings account for business purposes look into the ING Business Optimiser account.

If you're applying online, it's a good idea to apply for the Orange Everyday account first, as you can then select an option to also open up a Savings Maximiser account. This will save you from processing two different applications.

What documents do I need to provide?

If you are able to meet these requirements, proceed to the application with the following documentation readily available:

  • Identification documents. In order to verify your identity, ING will need information from two separate forms of ID. This could be a driver’s licence, passport, Medicare card or birth certificate. This will be used to verify your identity electronically. If ING is unable to accomplish this with the documentation you provide, you may be asked to verify your identity in person.
  • Account details. If you already have an account with ING, they will need the account number and your client number in order to link your savings with your everyday account.
  • Personal details. In addition to your name and date of birth, you will need to supply an Australian residential address and telephone number.
  • Tax File Number (TFN). Although not mandatory, if you do not supply the bank with your TFN, the highest marginal rate will prevail when tax is deducted.

What happens after the application process?

When the application is complete you can submit it to ING online. If they are able to verify your identity electronically your account will be opened instantly and you can begin depositing money to be saved.

What if I'm a non-resident or not eligible to apply online?

It's advised that you contact ING on the phone to proceed with your application. ING is an online bank and therefore, doesn't have any physical branches to visit.

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170 Responses

  1. Default Gravatar
    PaulJanuary 22, 2020

    What do you mean by “link the Maximiser to and everyday account. Can you give an example?

    • Avatarfinder Customer Care
      JhezJanuary 22, 2020Staff

      Hi Paul,

      Thank you for your question. It’s recommended that you link this account, ING Savings Maximiser, with an ING Orange Everyday Account so you can receive the bonus interest. Both accounts are from ING. Hope this helps.


  2. Default Gravatar
    SueOctober 17, 2019

    I can’t seem to use my card when withdrawing cash. I can’t remember my pin number, can you help?

    • Avatarfinder Customer Care
      NikkiOctober 19, 2019Staff

      Hi Sue,

      Thanks for getting in touch. I’m sorry to hear you have forgotten your password.

      If this is your online password, please check for any retrieval command/s on the app and proceed with changing your password online. If this is for your Orange Everyday Debit Card, you’d need to contact ING directly to be assisted further.

      I wish I could help you further but since we are not working with ING, we won’t be able to access the password change process.

      Hope this helps and feel free to reach out to us again for further assistance.


  3. Default Gravatar
    RobJuly 23, 2019

    If I open a Savings Maximiser account today, would I receive my card before next Wednesday I fly out on Thursday. Secondly, would I pay NO overseas transaction fees using that card?

    • Avatarfinder Customer Care
      NikkiJuly 24, 2019Staff

      Hi Rob,

      Thanks for your message and for your interest in ING Savings Maximiser savings account. Kindly note that this account is not connected with a physical card as this account needs to be connected with your Orange Everyday account. If you wish to proceed, you can open an account by clicking the ‘Go to Site’ buttons on this page. This will securely take you to the ING website to start an online application. When the application is complete you can submit it to ING online. If they are able to verify your identity electronically your account will be opened instantly and you can begin depositing money to be saved.

      If you are still looking for an international debit card, you can refer to this page.

      As a friendly reminder, review the eligibility criteria, fees, interest rates, and terms & conditions of this account before applying. You may also contact the insurance provider should you have any questions about their policy.

      Hope this helps!


  4. Default Gravatar
    LouJuly 16, 2019

    What interest rate above $100,000?

    • Avatarfinder Customer Care
      AshJuly 17, 2019Staff

      Hi Lou,

      Thank you for contacting Finder.

      For balances more than $100,000, the current Standard Variable Rate at that time will apply. As of now, the Standard Variable Rate is 0.50% p.a.

      I hope this helps.

      Please do not hesitate to reach out again to us if you have additional questions.


  5. Default Gravatar
    LouiseJune 14, 2019

    I recently changed to ING, I have an ING orange everyday and linked saving maximiser account, I deposit my pay of $1,000 or more each month and also make 5+ card purchases that are settled, but Im still not reaching the highest interest rate? it says my Saving maximiser account is not my primary account? Can you help me understand this?

    • Avatarfinder Customer Care
      NikkiJune 15, 2019Staff

      Hi Louise,

      Thanks for your inquiry.

      Sorry to hear you’re not receiving the highest interest rate even if you are meeting the qualifications of the account. While we review ING on our pages, we won’t be able to review your account about this matter. We suggest that you contact ING to discuss any concerns you may have about interest charges.

      Hope this clarifies!


  6. Default Gravatar
    jasonApril 23, 2019

    Is there a savings ability other than a term deposit that allows savings without access to it before $10,000 term deposit can be set up?

    • Avatarfinder Customer Care
      MaiApril 24, 2019Staff

      Hi Jason,

      Thank you for reaching out.

      We may not have a list of savings account where you have to reach a certain amount before you can withdraw your money but we have an alternative solution that you may want to consider. You can choose to open a savings account with high interest rates provided that no withdrawals will be made to motivate you on not taking your money off. You can visit Savings accounts you can’t touch for more information and for the complete guidelines for your consideration.

      Hope this helps! 😊

      Kind Regards,

  7. Default Gravatar
    GlennApril 21, 2019

    I have an everyday account, how do I get a maximiser account?

    • Avatarfinder Customer Care
      JhezApril 22, 2019Staff

      Hello Glenn,

      Thank you for your comment.

      If you already have an Orange everyday account, you can apply for the maximiser account online by going to the ING website. Please ensure that you have met the eligibility requirements outlined above. Hope this helps.


  8. Default Gravatar
    MozApril 13, 2019

    Hi! For the ING Savings Maximiser account, do I get the bonus counting from the first day of every month when I transferred in $1000+ on 15th of every month?

    • Avatarfinder Customer Care
      MaiApril 14, 2019Staff

      Hi Moz,

      Welcome to Finder and thanks for leaving a question.

      ING Savings Maximiser’s interest rate is calculated daily in the daily balance of your account. It is calculated as Daily Balance X interest rate (as a percentage) divided by 365.

      If you were able to make 5+ card purchases and deposit $1,000+ you will get the maximum rate up to 2.80% p.a for the whole month even if you deposited in the middle of the month But please note that the day when you deposited will still have a factor on calculating the interest as daily balance is part of the interest calculation.

      Hope this helps.

      Kind Regards,

  9. Default Gravatar
    KavitaApril 10, 2019

    I am currently on TR visa (subclass 485) and plan to work on my PR soon. I live, work and pay my taxes in Australia. Am I eligible for ING Savings Maximiser?

    • Avatarfinder Customer Care
      CharisseApril 11, 2019Staff

      Hi Kavita,

      Thanks for reaching out to Finder.

      In order for you to be eligible to apply for ING Savings Maximiser account, you must be an Australian permanent resident or citizen with a residential address in Australia.

      However, you may want to contact ING directly and verify with them if it’s possible for you to apply, considering you will be processing your PR soon.

      I hope this helps.


  10. Default Gravatar
    AnnetteApril 3, 2019

    I would like to start a term deposit account. What is your interest rate for term deposit for 1 year and 2 years

    • Avatarfinder Customer Care
      NikkiApril 4, 2019Staff

      Hi Annette,

      Thanks for getting in touch with Finder. Here is the page for ING’s term deposit. The interest rate for 1 year is 2.75% and 2.8% for 2 years and this is paid upon maturity.

      Hope this helps!


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