INGBusiness Term Deposit
A high fixed interest rate for business savings. You choose the time frame.
At a glance
- Best rate
- 5.45% for 12m
- 12 months
- 5.45%
- 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.
| Rate | This term deposit | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business 12-month term depositBest rate for a 12-month term | 5.45% | 5.70%AMP Bank GO 12 Month Business Term Deposit | 5.30%of 17 institutions | 3rd highest of 17, level with one other |
Rates
Every rate ING publishes for this term deposit, 8 in all.
Its best rate at each term
- 90 days5.15%
- 120 days5.15%
- 180 days5.20%
- 210 days5.20%
- 270 days5.35%
- 330 days5.35%
- 1 yrtypical 5.30%5.45%
- 2 yrstypical 4.90%5.45%
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedA fixed interest rate for business savings. | - | 120 days | - | 5.15% | - | paid at maturity |
| Fixed | - | 180 days | - | 5.20% | - | paid at maturity |
| Fixed | - | 210 days | - | 5.20% | - | paid at maturity |
| Fixed | - | 270 days | - | 5.35% | - | paid at maturity |
| Fixed | - | 330 days | - | 5.35% | - | paid at maturity |
| Fixed | - | 90 days | - | 5.15% | - | paid at maturity |
| Fixed | - | 1 yr | - | 5.45% | - | 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 | - | 5.45% | - | paid at maturity |
Rate changes
12 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 7 Oct 2026 | Fixed, 120 days | 5.10% | 5.15% | up 0.05 |
| 7 Oct 2026 | Fixed, 180 days | 5.15% | 5.20% | up 0.05 |
| 7 Oct 2026 | Fixed, 210 days | 5.15% | 5.20% | up 0.05 |
| 7 Oct 2026 | Fixed, 270 days | 5.25% | 5.35% | up 0.10 |
| 7 Oct 2026 | Fixed, 330 days | 5.20% | 5.35% | up 0.15 |
| 7 Oct 2026 | Fixed, 90 days | 5.05% | 5.15% | up 0.10 |
| 7 Oct 2026 | Fixed, 1 yr | 5.35% | 5.45% | up 0.10 |
| 7 Oct 2026 | Fixed, 2 yrs | 5.35% | 5.45% | up 0.10 |
| 18 Sept 2026 | Fixed, 330 days | 5.10% | 5.20% | up 0.10 |
| 18 Sept 2026 | Fixed, 90 days | 5.00% | 5.05% | up 0.05 |
| 18 Sept 2026 | Fixed, 1 yr | 5.10% | 5.35% | up 0.25 |
| 18 Sept 2026 | Fixed, 2 yrs | 5.10% | 5.35% | up 0.25 |
Each change is logged the night it appears in the rates ING BANK (Australia) Ltd publishes. See how every lender answered the RBA on the rate tracker.
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
Eligibility and limits
- Minimum age 18
- Minimum balance $10,000
- Opening balance $10,000
- 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.
Compare it with others
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Published by ING BANK (Australia) Ltd under the Consumer Data Right, last changed by them on 7 Oct 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.