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Savings Accelerator (Balances > $150,000 earn a variable interest rate of 1.00% p.a.)

Amount Base Rate Max Rate
$1000+ 0.10% 0.10%
$5000+ 0.10% 0.10%
$10000+ 0.10% 0.10%
$20000+ 0.10% 0.10%
< $1000 0.10% 0.10%
$1000+ 0.10% 0.10%
$2000+ 0.10% 0.10%
$5000+ 0.10% 0.10%
$10000+ 0.10% 0.10%
$20000+ 0.10% 0.10%
$50000+ 0.50% 0.50%
$100000+ 0.50% 0.50%
$250000+ 1.00% 1.00%
$500000+ 1.00% 1.00%
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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.
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Key Features
No Account
Keeping Fee
Internet
Banking
Counter
Service
Phone
Banking
ATM
Required
Linked Account

Account Details

Account Type Online
Min. Opening Amount $0.00
Min. Balance $0.00
Monthly Account Fee $0.00
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 $0.00
ATM Balance Fee $0.00
ATM Balance Fee $0.00
Daily ATM Withdrawal Limit $0.00
EFTPOS Fee $0.00
Debit Card Replacement Fee $0.00

Fee Details

Service Fee Frequency
Fee Rebate Available
Balance Required for Fee-Free $0.00

T&Cs

Balances Current Interest Rates $150,000.00 + 1.00% p.a. (this applies to your total balance, not just amounts $150,000 and over) $50,000.00 - $149,999.99 0.50% p.a. (this applies to your total balance, not just amounts $50,000 and over) $0.00 - $49,999.99 0.10% p.a.

Online Savings Account Transactions

Cheque Deposit
Cheque Withdrawal
Direct Credit
Direct Debit
BPAY

Internet & Phone Fees

Phone Transaction Fee $0.00
Internet Transaction Fee $0.00
Free Electronic Trans. per Month Unlimited

Counter & Cheque Fees

Counter Deposit Fee $0.00
Counter Withdrawal Fee $0.00
Free Counter Trans. Per Month n/a
Cheque Fee $0.00
Cheque Dishonour Fee $0.00
Debit Item Dishonour Fee $0.00

Overseas Access

Overseas ATM Facilities
Overseas ATM Balance Fee $0.00
Overseas ATM Withdrawal Fee $0.00
Overseas EFTPOS Fee $0.00
OS Emergency Card Replacement $0.00
Foreign Transaction Fee 0.00%
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