{
  "source": "https://id.ob.ing.com.au/cds-au/v1/banking/products/544ca08a-57ec-45a3-85ef-0a398646795a",
  "note": "Product Reference Data published by the data holder under the Consumer Data Right, as cached by this site (refreshed every 6 hours).",
  "data": {
    "productId": "544ca08a-57ec-45a3-85ef-0a398646795a",
    "effectiveFrom": "2009-03-02T22:00:00.000Z",
    "effectiveTo": "9999-12-31T01:00:00.000Z",
    "lastUpdated": "2026-07-09T14:00:00.000Z",
    "productCategory": "TERM_DEPOSITS",
    "name": "Business Term Deposit",
    "description": "A high fixed interest rate for business savings. You choose the time frame.",
    "brand": "ING",
    "isTailored": false,
    "additionalInformation": {
      "overviewUri": "https://www.ing.com.au/business/term-deposit.html"
    },
    "features": [
      {
        "featureType": "DIGITAL_BANKING"
      }
    ],
    "constraints": [
      {
        "constraintType": "MIN_BALANCE",
        "additionalValue": "10000.00",
        "additionalInfo": "Business Term Deposits require a minimum opening deposit of $10,000."
      },
      {
        "constraintType": "OPENING_BALANCE",
        "additionalValue": "10000.00",
        "additionalInfo": "Minimum balance of $10,000."
      },
      {
        "constraintType": "MAX_BALANCE",
        "additionalValue": "10000000.00",
        "additionalInfo": "We may not accept a deposit to your Business Term Deposit if it would result in the combined deposits of all your Business Term Deposit(s) exceeding $10,000,000."
      }
    ],
    "eligibility": [
      {
        "eligibilityType": "MIN_AGE",
        "additionalValue": "18",
        "additionalInfo": "You need to nominate between one and four authorised users to operate your Business Term Deposit. They must be at least 18 years old."
      },
      {
        "eligibilityType": "OTHER",
        "additionalInfo": "You need to nominate between one and four authorised users to operate your Business Term Deposit. They must be an Australian resident for taxation purposes."
      },
      {
        "eligibilityType": "OTHER",
        "additionalInfo": "You must be an account holder using the product for business purposes or with a Self-Managed Super Fund (SMSF)."
      },
      {
        "eligibilityType": "OTHER",
        "additionalInfo": "The account cannot be used by bare/informal trusts, public companies, unincorporated associations, or a statutory account."
      }
    ],
    "fees": [
      {
        "name": "Account fee",
        "feeType": "PERIODIC",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "0.00"
        },
        "currency": "AUD",
        "additionalValue": "P1M",
        "additionalInfo": "There are $0 monthly fees."
      },
      {
        "name": "Early withdrawal",
        "feeType": "EXIT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "0.00"
        },
        "currency": "AUD",
        "additionalInfo": "You may withdraw all (but not part) of your deposit before the end of the term. A reduced rate of interest will apply in these circumstances. You'll need to give us at least 31 days' advance notice (except in the case of hardship)."
      }
    ],
    "depositRates": [
      {
        "depositRateType": "FIXED",
        "rate": "0.0495",
        "calculationFrequency": "P1D",
        "applicationType": "MATURITY",
        "additionalValue": "P90D"
      },
      {
        "depositRateType": "FIXED",
        "rate": "0.0050",
        "calculationFrequency": "P1D",
        "applicationType": "MATURITY",
        "additionalValue": "P120D",
        "additionalInfo": "A fixed interest rate for business savings."
      },
      {
        "depositRateType": "FIXED",
        "rate": "0.0510",
        "calculationFrequency": "P1D",
        "applicationType": "MATURITY",
        "additionalValue": "P180D"
      },
      {
        "depositRateType": "FIXED",
        "rate": "0.0080",
        "calculationFrequency": "P1D",
        "applicationType": "MATURITY",
        "additionalValue": "P210D"
      },
      {
        "depositRateType": "FIXED",
        "rate": "0.0170",
        "calculationFrequency": "P1D",
        "applicationType": "MATURITY",
        "additionalValue": "P270D"
      },
      {
        "depositRateType": "FIXED",
        "rate": "0.0100",
        "calculationFrequency": "P1D",
        "applicationType": "MATURITY",
        "additionalValue": "P330D"
      },
      {
        "depositRateType": "FIXED",
        "rate": "0.0500",
        "calculationFrequency": "P1D",
        "applicationType": "MATURITY",
        "additionalValue": "P1Y"
      },
      {
        "depositRateType": "FIXED",
        "rate": "0.0490",
        "calculationFrequency": "P1D",
        "applicationType": "MATURITY",
        "additionalValue": "P2Y",
        "additionalInfo": "For terms of more than one year, interest is credited to your account on the Anniversary Date and on the day prior to the maturity date."
      }
    ]
  }
}