ING term deposit

Pay no fees and enjoy guaranteed returns on your balance.

The ING Term Deposit Account allows you to invest your money for a period of time that suits you, ranging from 90 days to two years, and earn a fixed, competitive interest rate. You will need a minimum initial deposit of $10,000 for this account. When the term comes to an end you can choose whether to take out the interest alone or the interest and principal deposit. Read more about these features below.

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Product NameING Term Deposit
3 month interest rate0.05%
4 month interest rate0.05%
6 month interest rate0.07%
7 month interest rate0.10%
9 month interest rate0.18%
12 month interest rate0.22%
24 month interest rate0.25%
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

You don't have to pay any application or account keeping fees to open and maintain an ING Term Deposit.

Competitive interest rates

Your interest rate depends on your chosen term deposit duration and ranges from 0.05% p.a. to 0.25% p.a.. If you deposit at least $10,000 for just 12 months, you'll receive a very competitive 0.22% p.a..

Terms from 90 days to two years

Choose to lock away your money for as little or as long as you'd like, from 90 days to five years and several options in between.

Launch term deposit calculator

How to apply

Applying for an ING term deposit is easy and can be done entirely online.


  • Minimum age. You're at least 13 years old
  • Residency requirements. You're an Australian resident for taxation purposes

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    Default Gravatar
    May 31, 2019

    With ING term deposit, if money is needed urgently, can the 31 days notice be suspended recognising some cost would be involved?

      Default Gravatar
      June 1, 2019

      Hi Barry,

      Thank you for contacting Finder.

      Unfortunately, you cannot suspend your ING Term Deposit Account to access the funds. You may only choose to close the account to be able to access the funds in your account. But in case of hardship, you may call ING directly to request for the early withdrawal of your funds wherein if approved the earliest time that your funds will be withdrawn is 31 days after your contact with them.

      I hope this helps.

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


    Default Gravatar
    April 25, 2019

    Hi! Can you tell me please when ING’s 0.1% loyalty bonus on term deposits will cease?

      Avatarfinder Customer Care
      April 26, 2019

      Hi Andrew,

      Thank you for reaching out.

      ING’s 0.10% p.a. loyalty bonus is available if you roll over your Personal Term Deposit (either for the same term or a different term) and you hold all the funds in your new term deposit until the maturity date.

      It would be best to check your term deposit’s T&Cs to see the conditions to be eligible for the loyalty bonus as it may differ as you renew or roll over your term deposit.

      Hope this helps! 😊

      Kind Regards,

    Default Gravatar
    April 9, 2019

    I have around 190,000.00 to invest in and l need to make my money work for me. What is the best and safest deal at present?

    Thank you in advance.

      Default Gravatar
      April 10, 2019

      Hi Belinda,

      Thanks for getting in touch!

      The best term deposit for you will depend on your current needs. You can use our comparison table to help you find the account that suits you. When you are ready, press the ‘Go to site’ button to apply. As a friendly reminder, review the eligibility criteria of the account before applying and read up on the terms and conditions.

      Feel free to reach out to the bank if you need any clarifications.


    Default Gravatar
    March 29, 2019

    Is the monies held by ING guaranteed by government if bank goes into financial crisis?

      Avatarfinder Customer Care
      March 30, 2019

      Hi Karen,

      Thank you for reaching out to Finder.

      Yes, your money is covered by the Australian Government Guarantee Scheme if they go into a financial crisis. The Australian government guarantees deposit up to $250,000 in Authorised Deposit-taking Institutions (ADIs) and ING is included in it.

      You can learn more about the Australian Government Guarantee Scheme to know how it works, what is covered, the banks included in the scheme, etc.

      Hope this helps and have a wonderful day! 😊

      Kind Regards,

    Default Gravatar
    March 26, 2019

    what is the interest rate for ing 12 months term deposits deposits

      Avatarfinder Customer Care
      March 27, 2019

      Hi Robert,

      Thank you for reaching out to Finder.

      The interest rate for a 12 month term deposit is 2.75%. Hope this helps!


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