ING Savings Maximiser

ING Savings Maximiser

Maximum Variable Rate


Standard Variable Rate


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 2.80% p.a.

  • Ongoing, variable 2.80% 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
2.80% p.a.
Standard Variable Rate
1.15% p.a.
Bonus Variable Rate
1.65% p.a.
Introductory / Bonus Offer Conditions
Earn 2.80% 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 1.15% p.a.

Your savings balance will have a variable interest rate of 1.15% p.a. applied to it each month.

Competitive maximum variable interest rate of 2.80% 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 1.65% p.a. on your balance. This makes the total interest applied for the month a competitive 2.80% 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 2.80% 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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128 Responses

  1. Default Gravatar
    PaulDecember 13, 2017

    What if I transferred $600,000/$1,400,000 from New Zealand to everyday account any fees?

    • Staff
      MayDecember 19, 2017Staff

      Hi Paul,

      Thank you for your inquiry.

      Just to confirm if you will be transferring money from New Zealand amounting to $600,000 or $1,400,000 to the ING Orange Everyday Account? If so, the transfer fees would depend on the service provider you use. ING Direct won’t be charging you in receiving the cash into your Everyday Account though.


  2. Default Gravatar
    debDecember 10, 2017

    Which is the best kids saver accounts you have?

    • Staff
      MayDecember 10, 2017Staff

      Hi Deb,

      Thank you for your inquiry. As we are a comparison website, we are not able to recommend a specific Kids Savings account to you as the best option depends ultimately on your own financial situation.

      Nevertheless, you can compare your Kids Savings account options on this page. I would encourage you to review each account and see if which one meets your preferences and needs. You can also use the calculator on top of the table on that same page by putting in your initial, monthly and investment period to compare the results.

      Hope this helps.


  3. Default Gravatar
    jamesOctober 17, 2017

    to qualify for the savings maximiser at 1.5% monthly will my centrelink pension monthly payment of $1700 count and if so is it difficult to have the pension transferred from the cba to a direct payment into my ing account, as i travel overseas a lot and sometimes need more funds than i have on hand i found the fixed term (12month) to be restricting as you have to give 31 days notice or suffer a financial loss, please advise i will have approx. $260,000 to invest, thank you, james.

    • Staff
      JudithOctober 18, 2017Staff

      Hi James,

      Thanks for contacting finder, a comparison website and general information service.

      Banks dictate whether the account needs to be from the same institution or if it can be from a different bank. If you already have a transaction account at a different bank, you need to check to see if you can link it to your high interest savings account and if yes, check the options that they can give you. Otherwise, you may be forced to pay another monthly fee for a bank account you don’t need.

      Before making a decision, it is always best to review the PDS and Terms & Conditions of each savings account so you can choose the one that would best suit your needs.

      On the other hand, we have a list of options for high interest savings accounts that you can compare too.

      Here is a list of options for pensioners.

      I hope this helps.

      Best regards,

  4. Default Gravatar
    AnjuOctober 4, 2017

    Am I eligible to open an account If am not permanent resident(currently on bridging / 457 visa)

    • Staff
      JoanneOctober 5, 2017Staff

      Hi Anju,

      Thanks for reaching out.
      Non-resident accounts (for tourists and visitors) do exist with certain banks, for example, the big four: Commonwealth Bank, ANZ, NAB and Westpac. You may need to contact your desired bank directly with the details of your situation and discuss your options. You can click on the bank you’re interested in on this page to find out more about them and what they can offer you as a non-resident.


  5. Default Gravatar
    AnjuOctober 3, 2017

    How would I open a saving account in ING orange

    • Staff
      ArnoldOctober 3, 2017Staff

      Hi Anju,

      Thanks for your inquiry

      ING allows applicants to complete their application form online. Please Click on ‘go to site’ button at the upper portion of this page if you have decided that this is the everyday account that meets your needs, you will also need to provide identification documents as part of the requirements.

      Hope this information helps


  6. Default Gravatar
    stephanieOctober 3, 2017

    How do I set up an ING savings max account?

    • Default Gravatar
      JonathanOctober 3, 2017

      Hello Stephanie,

      Thank you for your inquiry.

      You can open a Savings Maximiser online, or over the phone 24/7 by contacting ING. As soon as you have set it up, you can use the mobile app, online or phone banking to transfer money in and out of your linked account, or subscribe to automatic transfer.

      Please take note of the following eligibility requirements to open this account:

      – An Australian resident for taxation purposes
      – Aged 13 years or over
      – An Australian residential address and telephone number
      – Linked bank account details to link to your Savings Maximiser account
      – A Tax File Number or exemption code (otherwise tax is deducted at the highest marginal rate)
      – An existing Client Number (if you’re already with ING)

      Hope this helps.


  7. Default Gravatar
    AnnieAugust 9, 2017

    Does ING direct have ATMs or any ATM will do to withdraw money?

    • Staff
      RenchAugust 9, 2017Staff

      Hi Annie,

      Thanks for your inquiry.

      Yes, ING Direct has ATMs that you can use to withdraw money, etc. You can do your banking transactions through a mobile app, online banking, phone banking, EFTPOS, and ATMs.

      Please contact ING Direct for further inquiries.


  8. Default Gravatar
    HenryJuly 22, 2017

    Does ING have branches in the suburbs.

    • Staff
      LiezlJuly 22, 2017Staff

      Hi Henry,

      Thanks for your question.

      ING Direct is a branchless bank. If you wish to make cheque or cash deposits into your Orange Everyday, you may do it through Australia Post branches. You may also contact their customer care for help with all your everyday banking tasks. Moreover, you can do your banking transactions through mobile app, online banking, phone banking, EFTPOS and ATMS.

      Kind regards,

  9. Default Gravatar
    JoApril 30, 2017

    I want to deposit over $500,000 in an on call interest account while waiting to buy a house. What is the best rate for ING Direct.

    • Staff
      LouApril 30, 2017Staff

      Hi Jo,

      Thanks for your question.

      For ING Direct Savings Maximizer, the maximum interest that you can earn is 3.00% p.a.(1.5% bonus rate plus 1.5% variable rate), provided you link your account to an Orange Everyday Bank Account from ING DIRECT and deposit at least $1,000 into either account each month. If you are not able to meet this criteria, you’ll only earn the variable interest rate of 1.50% p.a.

      Kindly note that that bonus interest rate for ING Direct Maximizer is only applicable to one savings account and for balances that do not exceed $100,000.

      You may also check this page to compare other high-interest savings account. You can take advantage of the saving calculator on the page to see which account can give you high interest earnings.


  10. Default Gravatar
    ViddyApril 20, 2017

    I would like to open a savings account with high interest rate to start saving.

    • Staff
      MayApril 20, 2017Staff

      Hi Viddy,

      Thank you for getting in touch.

      If you wish to open an ING DIRECT Savings Maximiser account, please review the criteria and details of this product and submit your application online by clicking the “Go to site” button above.

      Meanwhile, in case you also like to compare your other savings account options, please refer to this page. There is a calculator above the table on that page where you can compute your interest earnings by entering your initial and monthly deposits as well as the term of the investment. Once you get the interest earned results, you can start comparing the accounts that give high-interest returns.

      Hope this helps.


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