The Finance Algorithm
ING

Personal Term Deposits

A high interest rate guaranteed for the term. You choose the timeframe.

Term depositsBank updated 14 Sept 2026
At a glance
Best rate
5.35% for 330d
12 months
5.30%
Min deposit
$10,000
§ 01 — Rates · 8
TypeApplies toTermBandRateComparisonConditions
FixedGet a fixed interest rate guaranteed for your timeframe of choice on deposits of $10,000 or more.120 days5.00%paid at maturity
Fixed180 days5.20%paid at maturity
Fixed210 days5.00%paid at maturity
Fixed270 days5.10%paid at maturity
Fixed330 days5.35%paid at maturity
Fixed90 days5.05%paid at maturity
Fixed1 yr5.30%paid at maturity
FixedFor 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.2 yrs5.25%paid at maturity
§ 02 — Fees · 2
FeeTypeAmountWhenNotes
Early withdrawalExitNo feeYou 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 (…
Account feePeriodicNo feeEvery 1 moThere are $0 monthly fees.
§ 03 — Features
Digital banking
§ 04 — Eligibility & limits
  • · Minimum age 18
  • · Minimum balance $10,000
  • · Opening balance $10,000
  • · You must be an Australian resident for taxation purposes.

Published by ING BANK (Australia) Ltd under the Consumer Data Right, last changed by them on 14 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.