Rabobank vs ING savings accounts

Rabobank vs ING savings accounts

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Finder Score	Maximum interest rate	Base interest rate	Max rate type & duration	Monthly max rate conditions
Promoted Finder score 9.1 Excellent Rabobank High Interest Savings Account	Finder score 9.1 Excellent	Maximum Variable Rate p.a. 5.00%	Standard Variable Rate p.a. 3.45%	Intro/Ongoing 4 month intro rate	Balance $0 to $250,000	Earn a high interest rate of 5.00% p.a. for the first 4 months and then 3.45% p.a. thereafter, with $0 account keeping fees and no monthly balance requirements.	Go to siteMore info Compare product selection Compare	loading
Promoted Finder score 9.1 Excellent ING Savings Maximiser Most Loved	Finder score 9.1 Excellent	Maximum Variable Rate p.a. 4.75%	Standard Variable Rate p.a. 0.01%	Intro/Ongoing Ongoing rate (conditions apply)	Deposit $1,000 5 transactions Grow your balance Balances up to $100,000	Welcome bonus: Get $100 when you open a new Orange Everyday and Savings Maximiser account with code OE100JOIN and deposit $1000, plus make 5 debit purchases by 31 January 2026. T&Cs apply.	Go to siteMore info Compare product selection Compare	loading
Finder score 9 Excellent Rabobank PremiumSaver	Finder score 9 Excellent	Maximum Variable Rate p.a. 4.65%	Standard Variable Rate p.a. 0.60%	Intro/Ongoing Ongoing rate (conditions apply)	Balance up to $250,000 Grow your balance by $200+ each month	Get a high ongoing rate when you grow your balance by just $200 a month.	ContinueMore info Compare product selection Compare	loading
Finder score 9.5 Excellent ING Savings Accelerator Most Loved	Finder score 9.5 Excellent	Maximum Variable Rate p.a. 5.00%	Standard Variable Rate p.a. 3.95%	Intro/Ongoing 4 month intro rate	Welcome rate applies to balances $150,000 - $500,000 Ongoing rate applies to balances $150,000 - $5 million	Ideal for higher balances, savers can earn up to 5% for the first 4 months and up to 3.95% thereafter. There are no conditions and $0 account-keeping fees.	Go to siteMore info Compare product selection Compare	loading
Finder score 8.6 Great Rabobank Purpose Saver	Finder score 8.6 Great	Maximum Variable Rate p.a. 2.70%	Standard Variable Rate p.a. 2.70%	Intro/Ongoing Ongoing rate (conditions apply)		ContinueMore info Compare product selection Compare	loading
Finder score 7 Great ING Business Optimiser Most Loved	Finder score 7 Great	Maximum Variable Rate p.a. 0.75%	Standard Variable Rate p.a. 0.35%	Intro/Ongoing 6 month intro rate	Balances up to $1,000,000	ContinueMore info Compare product selection Compare	loading
Finder score 7 Great ING SMSF Cash Most Loved	Finder score 7 Great	Maximum Variable Rate p.a. 0.75%	Standard Variable Rate p.a. 0.35%	Intro/Ongoing 6 month intro rate		ContinueMore info Compare product selection Compare	loading

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How we picked these

How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

Read the full breakdown

Overview of Rabobank and ING's savings accounts

Both banks offer 2 savings account options; an account with an introductory bonus rate and no monthly conditions, and an account with an ongoing bonus rate and monthly conditions to meet.

ING Savings Maximiser

This is ING’s ongoing bonus saver account. You can earn an ongoing bonus rate of 4.75% p.a. each month you meet the following conditions:

• Deposit $1,000 into an ING account, make 5 transactions from your ING Orange Everyday Account and grow your balance over the month.
• The ongoing bonus rate is available on balances up to $100,000.

ING Savings Accelerator

This is ING’s introductory saver account. It offers a tiered interest rate for different balances.

For balances between $150,000 and $500,000 it offers an introductory bonus rate of 5% p.a. for 4 months, followed by 3.95% p.a. with no monthly conditions to meet.

Rabobank Premium Saver

This is Rabobank’s ongoing bonus saver account. You can earn an ongoing bonus rate of 4.65% p.a. each month you meet the following conditions:

• Grow your balance by at least $200 over the month.
• The ongoing bonus rate is available on balances up to $250,000.

Rabobank High Interest Savings

This is Rabobank’s introductory saver account.

It offers an introductory bonus rate of 5% p.a. for 4 months, followed by 3.45% p.a. with no monthly conditions to meet. This is available on balances up to $250,000.

Which bank is best for your savings, ING or Rabobank?

Here are some questions to ask yourself to help you decide which savings account might suit you better.

How much interest could I earn?

The amount of interest you can earn with either bank depends on the size of your balance, and your ability to meet the conditions.

If you’re looking for the highest possible interest rate, you’ll get this with Rabobank’s introductory rate of 5% p.a. However, this is only available for the first 4 months.

The highest ongoing interest rate is available with ING’s Savings Maximiser at 4.75% p.a., but this is only for balances under $100,000 (and if you can meet the conditions!).

How big is my balance?

• Balances under $100,000: You’ll get a higher ongoing bonus rate with ING Savings Maximiser.
• Balances between $100,000 and $250,000: You’ll get a higher ongoing bonus rate with Rabobank Premium Saver.
• Balances above $250,000: You’ll get a higher introductory rate and higher ongoing rate with ING Savings Accelerator.

What account conditions can I commit to meeting (if any)?

ING definitely makes you jump through more hoops to earn bonus interest compared to Rabobank.

As well as the monthly deposit condition of $1,000, ING requires you to make 5 transactions from a linked ING bank account per month which could get annoying if it’s not your main day-to-day account. Rabobank has no monthly transaction requirement at all.

If you don’t want to meet any monthly conditions, you’ll be best off with either the ING Savings Accelerator or the Rabobank High Interest Savings Account.

Will I need to make withdrawals from my savings?

If you want to be able to take money out of your savings account from time to time, you can do this with any ING or Rabobank savings account. None of these accounts restrict withdrawals.

However, both ING and Rabobank’s bonus saver accounts do have a monthly account growth condition. ING requires you to grow your balance by any amount over the month, and Rabobank requires you to grow it by $200.

This means you can take money out through the month, but your balance needs to end the month higher in order to meet this condition and earn bonus interest - so you need to replace the money.

Both the ING Savings Accelerator and Rabobank High Interest Savings account don’t have any withdrawal restrictions or growth requirements to meet.

Frequently asked questions

• Is Rabobank available in Australia?

  Yes, Rabobank has a number of savings and banking products available in Australia.

• Does ING have branches in Australia?

  No, ING does not have any bank branches in Australia. ING is a digital bank run entirely online. You can deposit cash into your ING accounts at Australia Post.

• Which has higher interest rates ING or Rabobank?

  Rabobank has a higher introductory interest rate than ING, but ING has a higher ongoing bonus rate than Rabobank.

• What happens after the Rabobank bonus ends?

  When the 4 month introductory bonus rate ends on the Rabobank High Interest Savings Account, you’ll continue to earn the ongoing variable base rate on your balance.

• Are deposits safe up to $250k with ING and Rabobank?

  Yes, both ING and Rabobank are included in the Australian Government Guarantee Scheme which protects deposits up to $250,000.

Written by

Alison Banney

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full bio

Alison's expertise

Alison has written 660 Finder guides across topics including:

• Superannuation
• Savings accounts, bank accounts and term deposits
• Budgeting and money-saving hacks
• Managing the cost of living