---
title: "Savings Accelerator — ING BANK (Australia) Ltd"
description: "Transaction & Savings Accounts 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/98290a00-39c5-4157-82ce-e725e305237b
source: "CDR Compare"
language: en-AU
last_updated: 2026-07-20T13:58:19.876Z
---

# Savings Accelerator — ING BANK (Australia) Ltd

> Transaction & Savings Accounts 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.

**Transaction & Savings Accounts**

A tiered savings account, with a variable interest rate.

## At a glance

- **Base rate:** 4.8%

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Variable | 4.8% | Amount $0–$250,000 | monthly |
| Variable (Applies to portion of account balance, not entire account balance.) | 4.8% | Amount $250,000.01–$500,000 | monthly |
| Variable (Applies to portion of account balance, not entire account balance.) | 4.8% | Amount $500,000.01–$2,000,000 | monthly |
| Variable (Applies to portion of account balance, not entire account balance.) | 2.7% | Amount $2,000,000.01–$5,000,000 | monthly |

## Fees

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

## Features

- **Unlimited transactions** (Unlimited electronic transactions.)
- **Digital banking**
- **PayID** (No need for BSB and account number. Receive real time payments using your own unique ID.)
- **Real-time payments (NPP)**
- **Notifications** — Transaction notification (Receive SMS notifications when your balance is above or below an amount, a withdrawal or deposit is made or when your salary is deposited.)

## Eligibility

- **Minimum age** — 18 years (You must be aged 18 or over.)
- **You must be an Australian resident for taxation purposes.**

## Constraints

- **Maximum balance** — $5,000,000.00 (We may not accept a deposit to your Savings Accelerator if it would result in the combined deposits of all your Savings Accelerator(s) (whether in individual or joint names) exceeding $5,000,000.00)

## More information from ING BANK (Australia) Ltd

- [Overview](https://www.ing.com.au/savings/savings-accelerator.html)

## Data provenance

- Published by ING BANK (Australia) Ltd under the Consumer Data Right
- Product ID: `98290a00-39c5-4157-82ce-e725e305237b`
- Last updated by the provider: 20 July 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/ing-bank-australia-ltd/98290a00-39c5-4157-82ce-e725e305237b
- 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/98290a00-39c5-4157-82ce-e725e305237b) — 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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