ING DIRECT is run by ING Bank Australia as an online only savings account. Accessible by phone or internet banking only it means they aim to offer higher savings rates than banks with branches by paying less overheads.
ING DIRECT Savings Maximiser is operated by linking a standard Australian bank account and using this to make deposits or withdrawals. Interest is calculated daily and added to your account at the end of each month. Withdrawals and deposits can be made at any time with no penalty (besides less money in the account = less interest earned).
Important Information:The advertised variable welcome rate is current as at 11/11/2011 and is subject to change. At the end of the 4 month period, the rate that applies to your account balance will be the Savings Maximiser standard variable rate applicable at the time. This offer is applicable on the first Savings Maximiser that you open (including joint accounts) and is for a limited time only. Combined balances up to $1 million per customer ($250,000 from 1 February 2012) are guaranteed by the Australian Government. $1 Billion interest calculation is based on the total interest earned by INGDIRECT customers holding savings products in the last 12 months. Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. You should read the Terms and Conditions booklet at www.ingdirect.com.au and consider if a Savings Maximiser is right for you before making any decision. Savings Maximiser is issued by ING DIRECT, a division of ING Bank (Australia) Limited ABN 24 000 893 292. ING DIRECT's colourorangeis a trade mark of INGDIRECT and the ING Group of companies.