ING Savings Maximiser

savings accountterms checked

Savings Maximiser is a savings account from ING. At $50,000 it pays 6.00% p.a. in a month in which the conditions below are met and 0.01% when they are not.

Rate tiers

Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.

Some rows are paid on the whole balance and some, marked stepped, on the part of the balance in the band, as the feed states them.

The bonus is paid on top of the base rate in a month in which the conditions are met; conditional is the two together, and the base rate is what is paid otherwise.

The bonus is paid on balances up to $100,000; the band above it shows what the feed states there.

The feed states a maximum balance of $5,000,000.

Conditions

For the bonus rate

• 5 or more card purchases a month
• grow the balance each month
• deposit $1,000 or more each month
• hold an Orange Everyday bank account

In the bank's own words, as its feed states each condition on the bonus rate:

• card purchasesFor customers who also have an Orange Everyday bank account and do this each month: Make 5 or more settled (not pending) eligible ING card purchases
• balance growthFor customers who also have an Orange Everyday bank account and do this each month: Grow their nominated Savings Maximiser balance (excluding interest earned for the current month).
• monthly depositFor customers who also have an Orange Everyday bank account and do this each month: Deposit at least $1,000 from an external source to an Orange Everyday, Savings Maximiser, Savings Accelerator, Personal Term Deposit, ING Personal Loan or ING Home Loan in your name.

Other conditions

• closed to new applications from 1 December 2026
• the bonus rate is paid in the month after the one in which the conditions are met

Features

app

yes

Osko

yes

PayID

yes

notifications

yes

transactions

unlimited

joint accounts

yes

Fees, limits and who can open it

monthly fee

$0

maximum balance

$5,000,000

bonus paid up to

$100,000

interest paid

monthly

interest calculated

daily

age

ages 18 and over

open to

personal customers

Who can open it, in the bank's own words:

• You must be an Australian resident for taxation purposes.

About this account

High variable interest rate. And no fees or penalties on withdrawals.

Data

• ING's own page for this account.
• Our verbatim snapshot of the bank's product record (source), as fetched on 13 November 2026.
• We read the bank's own page and terms against this page on 1 November 2026: savings-maximiser.html, SM_Terms_and_Conditions.pdf; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/ing-bank-australia-ltd.json: this bank's accounts and every balance band as JSON; ING's page lists them.
• The bank last updated this record on 12 November 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at ING

• Business Optimiserstale savings account, 0.35% base at $50,000
• Savings Accelerator savings account, 5.30% base at $50,000
• Savings Booster savings account, 5.90% conditional at $50,000
• Orange Everydaystale transaction account

All of ING's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.