Ing savings accelerator interest rates

ING has today announced it will be increasing the maximum rate on its Savings Maximiser by 20 basis points to 5. When this takes effect next Tuesday 14 March it will be the highest ongoing savings rate available to all adults. Savings Maximiser.

If you are sitting on a nest egg and want to grow that balance securely and quickly, then this is an account worth taking a closer look at. ING offers the serious saver a tiered savings account that could accelerate your financial growth. These rates are variable and tiered, applied to every cent in your savings account. The Savings Accelerator will need to be linked to another account to allow you to move your money in and out easily. The higher your savings balance, the higher the rate of interest you can earn.

Ing savings accelerator interest rates

Both are fee-free accounts. ING also offers term deposits, credit cards, home loans, insurance and superannuation. Use our savings account calculator to see how much you can earn under different investment scenarios. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances. ING, like most banks, offer a range of savings accounts to consumers. Choosing the right one will depend on your circumstances, spending and saving habits, as well as your saving goals. ING has been trading in Australia since , making them a relatively new player in the banking scene. However, their parent company, ING Group, has a much longer history, originating in the Netherlands and tracing back as far as Nonetheless, ING offers Australian consumers one alternative to the big four banks. A savings account is an additional bank account that many consumers hold, in addition to their everyday transaction accounts.

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The Savings Accelerator is designed to be a sort of booster account to your current savings account. Once your squirrelling pays off and you manage to reach a higher balance, the account will reward you with a higher interest rate. So if you need to shuffle some funds around, you can! I find the ease of dealing with ING so wonderful. In this day and age where we are all so busy, it's refreshing to be able to get my banking sorted quickly.

Home News ING lifts savings account rate to 4. This increase will take ING to the top of the savings account rate pecking order based on Savings. ING previously lifted its Savings Maximiser rate to 3. ING's decision to lift its Savings Maximiser account by 45 basis points follows a similar move by Macquarie Bank following Tuesday's decision. New and existing ING customers are eligible for the new rate of 4. The offering of 4. ING's Savings Maximiser rate also beats out the 3.

Ing savings accelerator interest rates

The table below shows the rate you can get depending on your balance. The max rate is the total rate ongoing plus bonus rate. The ongoing rate is what you'll earn once the 4 month Kick Starter bonus is over. The higher your savings balance, the higher the rate of interest you can earn. Earn up to 5. With the Savings Accelerator you are not charged any fees. You could however be charged a fee by the financial institution which holds your linked account.

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Bankwest Hero Saver. SMSF Accounts. Read full review. Rates and product information should be confirmed with the relevant credit provider. More from. How are ING savings accounts rated? Harrison Astbury. ING has responded following Tuesday's RBA decision, rewarding savers with the full 25 basis point cash rate increase, taking its Savings Maximiser account rate to 4. Enjoy a competitive ongoing bonus interest rate with this award-winning savings account when you meet the maximum rate conditions each month. Related questions. Gwenda, Victoria reviewed almost 4 years ago. Related News. Opening Deposit. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category.

For customers who also have an Orange Everyday bank account and do these things each month: 1. Grow their nominated Savings Maximiser balance excluding interest.

All you need in order to apply is:. Boost Saver More details. Update results. Bonus rate of 4. The entire market was not considered in selecting the above products. You can view our CDR policy by clicking on this link. Their rates are better anyway Read full review. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them. ATM Access. ING, like most banks, offer a range of savings accounts to consumers. Many savings account also deliberately come without ATM access, making it even harder to spend your savings although certainly not impossible. Rates and product information should be confirmed with the relevant credit provider. See more: Which banks are increasing savings rates following February's cash rate rise? The Savings Accelerator will need to be linked to another account to allow you to move your money in and out easily.