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

How it compares

This term deposit in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

Typical 5.30%

3%3.5%4%4.5%5%5.5%

This term deposit: 5.30%Every other institution's highest, 64 in all

Best rate for 12 months. One dot per institution, at its highest 12-month term deposit rate anyone can apply for; hover or tap a dot for its name.

Rate	This term deposit	Best anywhere	Typical institution	Where it sits
12-month term depositBest rate for 12 months	5.30%	5.75%Suncorp Bank's Term Deposit	5.30%of 65 institutions	28th highest of 65, level with 14 others
2-year term depositBest rate for 2 years	5.25%	5.60%Judo Bank's Personal Term Deposits	4.90%of 55 institutions	9th highest of 55, level with 2 others

Rates

Every rate ING publishes for this term deposit, 8 in all.

Its best rate at each term

90 days5.05%
120 days5.00%
180 days5.20%
210 days5.00%
270 days5.10%
330 days5.35%
1 yrtypical 5.30%5.30%
2 yrstypical 4.90%5.25%

This term depositTypical institution's best for the term

Type	Applies to	Term	Band	Rate	Comparison	Conditions
FixedGet a fixed interest rate guaranteed for your timeframe of choice on deposits of $10,000 or more.	-	120 days	-	5.00%	-	paid at maturity
Fixed	-	180 days	-	5.20%	-	paid at maturity
Fixed	-	210 days	-	5.00%	-	paid at maturity
Fixed	-	270 days	-	5.10%	-	paid at maturity
Fixed	-	330 days	-	5.35%	-	paid at maturity
Fixed	-	90 days	-	5.05%	-	paid at maturity
Fixed	-	1 yr	-	5.30%	-	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 yrs	-	5.25%	-	paid at maturity

Fees

2 fees published, grouped by when they're charged.

When you take it outNo fee published
While you hold itNo feeAccount fee
When you close it or pay it offNo feeEarly withdrawal

While you hold it1

Account fee
There are $0 monthly fees.
No fee

When you close it or pay it off1

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 (…
No fee

Features

Digital banking

Eligibility and limits

Minimum age 18
Minimum balance $10,000
Opening balance $10,000
You must be an Australian resident for taxation purposes.

Compare it with others

All term deposits Other ING BANK (Australia) Ltd term deposits Everything ING BANK (Australia) Ltd publishes

Put this product through a calculator

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.