---
title: "Business Term Deposit — ING BANK (Australia) Ltd"
description: "Term Deposits from ING BANK (Australia) Ltd. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/ing-bank-australia-ltd/products/544ca08a-57ec-45a3-85ef-0a398646795a
source: "CDR Compare"
language: en-AU
last_updated: 2026-08-13T14:00:00.000Z
---

# Business Term Deposit — ING BANK (Australia) Ltd

> Term Deposits from ING BANK (Australia) Ltd. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Term Deposits**

A high fixed interest rate for business savings. You choose the time frame.

## At a glance

- **Fixed rate:** 5.15% (270 days)

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Fixed · 90 days | 4.95% | — | at maturity |
| Fixed · 120 days (A fixed interest rate for business savings.) | 5.05% | — | at maturity |
| Fixed · 180 days | 5.1% | — | at maturity |
| Fixed · 210 days | 5.1% | — | at maturity |
| Fixed · 270 days | 5.15% | — | at maturity |
| Fixed · 330 days | 5% | — | at maturity |
| Fixed · 1 year | 5% | — | at maturity |
| Fixed · 2 years (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.) | 4.9% | — | at maturity |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Account fee — Charged monthly · There are $0 monthly fees. | Ongoing | $0.00 |
| Early withdrawal — 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). | Exit | $0.00 |

## Features

- **Digital banking**

## Eligibility

- **Minimum age** — 18 years (You need to nominate between one and four authorised users to operate your Business Term Deposit. They must be at least 18 years old.)
- **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.**
- **You must be an account holder using the product for business purposes or with a Self-Managed Super Fund (SMSF).**
- **The account cannot be used by bare/informal trusts, public companies, unincorporated associations, or a statutory account.**

## Constraints

- **Minimum balance** — $10,000.00 (Business Term Deposits require a minimum opening deposit of $10,000.)
- **Opening balance** — $10,000.00 (Minimum balance of $10,000.)
- **Maximum balance** — $10,000,000.00 (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.)

## More information from ING BANK (Australia) Ltd

- [Overview](https://www.ing.com.au/business/term-deposit.html)

## Data provenance

- Published by ING BANK (Australia) Ltd under the Consumer Data Right
- Product ID: `544ca08a-57ec-45a3-85ef-0a398646795a`
- Last updated by the provider: 13 August 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/ing-bank-australia-ltd/544ca08a-57ec-45a3-85ef-0a398646795a
- Provider page: https://www.cdrcompare.au/brands/ing-bank-australia-ltd
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000026

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/ing-bank-australia-ltd/products/544ca08a-57ec-45a3-85ef-0a398646795a) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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