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Savings Accelerator (Balances > $150,000 earn a variable interest rate of 2.20% p.a.)
Savings Accelerator (Balances > $150,000 earn a variable interest rate of 2.20% p.a.)

Variable Interest Rates: All Balances (p.a.)

< $1,000
1.35%
$2,000+
1.35%
$50,000+
1.75%
$100,000+
1.75%
$250,000+
2.20%
$500,000+
2.20%
Hide Rates For All Balances
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It couldn’t be simpler. In a nutshell, an ING DIRECT Savings Accelerator rewards you for saving more. With balances of $50,000 and over, your whole balance earns a very rewarding rate. It’s a fantastic way to speed up your savings and reach your goals sooner. Even if your balance falls below $50,000, you can rest easy knowing that your savings will still earn a competitive variable rate.
No ING DIRECT fees or charges ever
No limit on withdrawals
No fixed term
Interest calculated daily, paid monthly
24 hours a day, 7 days a week access to your Savings Accelerator via online or phone banking
Security – we’re part of the ING Group, one of the world’s largest financial institutions.

No Account Keeping Fee

Internet Banking

Counter Service

Phone Banking

Atm

Required Linked Account

Account Details
Account Type
Online
Min. Opening Amount
$0
Min. Balance
$0
Monthly Account Fee
$0
Interest
It couldn’t be simpler. In a nutshell, an ING DIRECT Savings Accelerator rewards you for saving more. With balances of $50,000 and over, your whole balance earns a very rewarding rate. It’s a fantastic way to speed up your savings and reach your goals sooner. Even if your balance falls below $50,000, you can rest easy knowing that your savings will still earn a competitive variable rate.
Interest Calculation Frequency
Daily
Interest Payment Frequency
Monthly
Interest Paid In Steps?
ATM & EFTPOS Fees
ATM Withdrawal Fee
$0
ATM Balance Fee
$0
Daily ATM Withdrawal Limit
$0
EFTPOS Fee
$0
Debit Card Replacement Fee
$0
Fee Details
Service Fee Frequency
Fee Rebate Available
Balance Required for Fee-Free
$0
Balances Current Interest Rates $150,000.00 + 2.20% p.a. (this applies to your total balance, not just amounts $150,000 and over) $50,000.00 - $149,999.99 1.75% p.a. (this applies to your total balance, not just amounts $50,000 and over) $0.00 - $49,999.99 1.35% p.a.
Online Savings Account Transactions
Cheque Deposit
Cheque Withdrawal
Direct Credit
Direct Debit
BPAY
Internet & Phone Fees
Phone Transaction Fee
$0
Internet Transaction Fee
$0
Free Electronic Trans. per Month
Unlimited
Counter & Cheque Fees
Counter Deposit Fee
$0
Counter Withdrawal Fee
$0
Free Counter Trans. Per Month
n/a
Cheque Fee
$0
Cheque Dishonour Fee
$0
Debit Item Dishonour Fee
$0
Overseas Access
Overseas ATM Facilities
-
Overseas ATM Balance Fee
$0
Overseas ATM Withdrawal Fee
$0
Overseas EFTPOS Fee
$0
OS Emergency Card Replacement
$0
Foreign Transaction Fee
 
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Awarded Most Popular Savings Account May 2010 – InfoChoice.com.au Best Online Savings Account 2010 in Money magazine's 'Best of the Best' awards. No bank fees, making it even easier to save. Transfer money from any Australia bank account. Use Goal Tracker to monitor your savings progress over time. Just enter your savings targets and you'll stay on track with updated savings charts and reminders of how well you are doing. Funds can be deposited via; funds transfer from another bank, BPAY®, salary credit, periodical payment. Funds can be withdrawn via; funds transfer to any Australian bank account (no mandatory requirement for a linked account) and one off, future dated or periodic transfer to any Australian bank account.

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