ING Savings Maximiser

Key features

Maximum variable interest rate of 5.4% p.a.

Earn a maximum, ongoing variable bonus rate of 5.4% p.a. when you link to an ING Orange Everyday account and meet the following criteria each month: deposit at least $1,000; make 5+ card purchases; and grow your Savings Maximiser balance (excluding interest earned).

You can make withdrawals, but you need to replace the money plus add a little bit extra to ensure you're balance is higher at the end of the month than it was at the start.

Standard variable interest rate of 0.05% p.a.

If you don't meet the bonus rate conditions one month, you'll still earn the standard variable rate of 0.05% p.a. on your balance for that month. So you'll still earn a little bit of interest (although it isn't much).

You will then be eligible for bonus interest the following month if you meet the account conditions.

Limitations to the bonus interest rate

You can open multiple Savings Maximiser accounts but you can only get bonus interest on one account. You can also only get bonus interest on balances up to $100,000.The portion of your balance over this amount will earn the standard variable rate.

A variable interest rate means it can change at any time.

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, that interest is applied to the balance the following month. If you miss the bonus interest conditions for one month, you are still able to qualify again the following month.

Do I have to deposit my pay to meet the $1,000 deposit condition?

The $1,000+ deposit requirement doesn't have to come from your pay, but it would likely make 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 (it can't be from another ING account).

$0 Account fees

There are no monthly account fees associated with the ING Savings Maximiser account, or the linked ING Orange Everyday account. It's also free to 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 the ING mobile banking app.

Linked ING bank account

It's strongly recommended that you link this account with an ING Orange Everyday account so you can receive the bonus interest. You can easily open both accounts at the same time during the online application.

The ING Orange Everyday account has a number of benefits including rebates on local ATM fees and international transaction fees, plus 1% cash back on utility bills.

"I've found the ING Savings Maximiser to be a great savings account. You can easily unlock the competitive bonus interest rate if you have a linked ING Orange Everyday transaction account which is being used to deposit your salary into and make everyday purchases."

Michael Todd

Finder crew member

Congratulations, ING !

The ING Savings Maximiser was highly commended for Best Savings Account in the 2025 Finder Awards.

Full list of 2025 winners

How to apply

Eligibility

• Age. You need to be 18 or older.
• Residency requirement. You must be an Australian resident for tax purposes or a citizen with a residential address in Australia.
• Personal use only. This account is for personal use only. If you wish to find a similar savings account for business purposes you could consider the ING Business Optimiser account.

Documentation needed

You'll need these handy when submitting your online application.

• Identification documents. You'll need 2 separate forms of ID - a driver's licence, passport, Medicare card or birth certificate.
• Account details. If you already have an account with ING, you'll 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'll need to give an Australian residential address and phone number.
• Tax File Number (TFN). Although not mandatory, if you do not supply the bank with your TFN, the highest marginal rate will be used when tax is deducted.

What happens after I submit my application?

If ING is able to verify your identity electronically your account will be opened instantly and you can begin depositing money right away via Internat banking or the ING mobile banking app.