Savings Accelerator
A tiered savings account, with a variable interest rate.
- Base rate
- 4.8%
- Intro rate
- 1.05%
- conditions apply
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 |
| Introductory · 4 months Available to new to ING savings customers on accounts opened from 1 May 2026, these rates include the variable kick starter rate of 1.05% p.a., which applies on top of the ongoing variable rate on balances of up to $500,000.00 for 4 months from the date of account opening (that is, the date an account number is issued). For balances over $500,000.00 the ongoing variable interest rate will apply. The advertised kick starter rate does not apply to accounts opened before 1 May 2026. · Available to new to ING savings customers on accounts opened from 1 May 2026, these rates include the variable kick starter rate of 1.05% p.a., which applies on top of the ongoing variable rate on balances of up to $500,000 for 4 months from the date of account opening (that is, the date an account number is issued). For balances over $500,000 the ongoing variable interest rate will apply. The advertised kick starter rate doesn’t apply to accounts opened before 1 May 2026. | 1.05% |
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 yearsYou must be aged 18 or over.
- You must be an Australian resident for taxation purposes.
Constraints
- Maximum balance — $5,000,000.00We 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
Published by ING BANK (Australia) Ltd under the Consumer Data Right · Last updated 28 June 2026 · Product ID 98290a00-39c5-4157-82ce-e725e305237b · View on CDR.gov.au · View Source Data (JSON)