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
1.00% p.a.
Bonus Variable Rate
1.80% 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 1.00% p.a.

Your savings balance will have a variable interest rate of 1.00% 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 1.80% 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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140 Responses

  1. Default Gravatar
    MarciaNovember 28, 2018

    What kind of credit card is linked to the everyday account?

    • finder Customer Care
      CharisseNovember 29, 2018Staff

      Hi Marcia,

      Thanks for reaching out to finder.

      If you are referring to ING Orange everyday account, it does not automatically come with a linked credit card. However, you can apply for either ING Orange One or Orange One Platinum credit card if you are an active Orange Everyday account holder or you can request to open an ING Orange everyday account at the same time you apply for ING Orange One or Orange One Platinum credit card.

      Please note that all applications need to be reviewed and kindly check if you are able to meet their credit assessment criteria before applying.

      I hope this helps.


  2. Default Gravatar
    MichaelOctober 29, 2018

    Can I have direct debits from a Savings maximiser? How many withdrawals can be made without affecting the 2.80% interest rate? Do you have a credit card that has reward points e.g frequent flyer points?

    • finder Customer Care
      JhezelynOctober 30, 2018Staff

      Hello Michael,

      Thank you for your comment.

      Yes. You can set up an Automatic Savings Plan (ASP) or direct debits on your Savings Maximiser. Simply request to have a set amount transferred to your Savings Maximiser weekly, fortnightly or monthly from your nominated linked bank account.

      Please note that the Maximum Variable Rate of 2.80% p.a. is earned when you perform the following during the current calendar month:
      – deposit at least $1,000 from an external bank account to any personal ING account in your name (excluding Living Super and Orange One), and
      – also, make at least 5 card purchases that are settled (and not at a ‘pending status’) using your ING debit or credit card (excluding ATM withdrawals, balance enquiries, cash advances and EFTPOS cash out only transactions).

      You may compare frequent flyer credit cards on this page. Please compare the features before submitting an application. To apply, just simply click the Go to Site button of your preferred card.

      Please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  3. Default Gravatar
    TaraOctober 12, 2018

    Hi, wanting to find out if you can link more than 1 savings account to the everyday account? If so, do they all attract the same amount of interest?

    Also, can you get a card for the savings accounts?


    • finder Customer Care
      CharisseOctober 13, 2018Staff

      Hi Tara,

      Thanks for reaching out to finder.

      You are only allowed to link one internal/external bank account to your ING account and this account needs to be in the same name as your ING account.

      If you also have an Orange Everyday bank account and you deposit your pay of $1,000 or more per month and make 5+ card purchases that are settled (not pending) each month, the highest variable interest rate is 2.80% p.a. Otherwise, standard variable rate is 1.00% p.a.

      ING Savings Maximiser account does not come with a debit card. You will only get a debit card if you open an ING everyday account.

      I hope this helps.


  4. Default Gravatar
    KarenSeptember 30, 2018

    I am looking at opening an orange everyday account and linking it to a savings maximiser to get the 2.8% per annum interest.
    One of the conditions is to make 5+purchases each month. What constitutes a purchase? Would that include small payments through pay pal for kindle books and also would it include paying bills.
    Also it would be a joint account, would we get a card each?

    • finder Customer Care
      NikkiOctober 1, 2018Staff

      Hi Karen!

      Thanks for your message and for visiting finder.

      For the ING Savings Maximiser account, the following card transactions count towards the five settled card purchase minimum each month when made with Orange Everyday, Orange One or Orange One Platinum, or Nil Interest Visa card (with eligible ING home loans):

      in store credit or EFTPOS purchases
      online purchases
      regular card payments
      Apple Pay
      Google Pay
      Direct Debits using a card number
      PayPal transactions using a card number
      Card purchases exclude ATM withdrawals, balance enquiries, cash advances, BPAY transactions, Direct Debits using an account number, EFTPOS cash out only transactions and any transaction that does not use a card number.

      Card purchases made in-store or online that settle in the month after the purchase count towards the next calendar month’s limit, rather than the month immediately after the purchase.

      Regarding the joint account as per the information on the FAQ tab The ING Savings Maximiser account can be opened as a joint account and both will get a card each.

      As a friendly reminder, be sure to check out the terms and conditions of the account before applying. It also helps to get in contact with the customer service team of the bank should you have any questions or clarifications.

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


  5. Default Gravatar
    ColleenJune 8, 2018

    Can I use this card while travelling overseas?

    • Default Gravatar
      JoelJune 8, 2018

      Hi Colleen,

      Thanks for leaving a question on finder.

      Yes! You can shop online and overseas and you pay no ING international transaction fees.


  6. Default Gravatar
    KiwiApril 26, 2018

    This site states you must be an Australian permanent resident or citizen. Officially I fit into neither category, I’m a NZ citizen living here for over 10 years but my status is that of a temporary resident. I’m assuming this does not preclude me from applying for an account?

    • finder Customer Care
      JhezelynApril 26, 2018Staff

      Hello Kiwi,

      Thank you for your comment.

      You can apply for the Savings Maximiser if you are an Australian resident for taxation purposes with a residential address and a telephone number in Australia. If you do not fit this eligibility criteria for residency, unfortunately, you’re unable to apply and this might reject your application.

      If you still wish to apply, you might want to directly get in touch with the bank and see other ways to apply.


  7. Default Gravatar
    PaulDecember 13, 2017

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

    • finder Customer Care
      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.


  8. Default Gravatar
    debDecember 10, 2017

    Which is the best kids saver accounts you have?

    • finder Customer Care
      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.


  9. 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.

    • finder Customer Care
      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,

  10. Default Gravatar
    AnjuOctober 4, 2017

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

    • finder Customer Care
      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.


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