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ING SMSF Term Deposit

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Get a competitive interest rate for your SMSF and choose a term length that suits you.

To open a SMSF Term Deposit with ING, you need to open a business term deposit. The minimum investment amount is $10,000, and you can choose a term length that suits you from three months to two years.

Up to 0.3% p.a.

Interest rate

24 months interest rate

$10,000

Minimum opening deposit

$0

Account keeping fee

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Details

Product NameING SMSF Term Deposit
3 month interest rate0.05%
4 month interest rate0.07%
6 month interest rate0.07%
7 month interest rate0.10%
9 month interest rate0.20%
12 month interest rate0.25%
24 month interest rate0.30%
Minimum Opening Deposit$10,000
Minimum Age Requirement13
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Key features

$0 Account keeping fees

There are no monthly fees charged on the account.

Guaranteed by the Australian Government

Balances of $250,000 per customer is covered by the Government Guarantee.

Launch term deposit calculator

How to apply

You can open a term deposit online in less than 15 minutes.

Eligibility

  • Minimum age. You must be over 18 years old.
  • Residency requirements. This account is for Australian residents only.

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2 Comments

  1. Default Gravatar
    ALEXANDRA
    July 17, 2018

    Hi, can I open 1-year term deposit my the name of 14 YO daughter? advert rate is 3%, is it correct?

    • Default Gravatar
      Arnold
      July 17, 2018

      Hi Alexandria.

      Thanks for your inquiry

      Yes, the ING SMSF Term Deposit allows you to open a term deposit for children below 18. You may open an account online by visiting ING’s website. For more information about term deposits for your kids, please click on this link.

      Hope this information helps

      Cheers,
      Arnold

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