BankMate

Savings account · 18+ years

ING Savings Accelerator

5.05%p.a. total

No bonus conditions: the rate is paid every month

68th of 151 savings accounts · market average 4.37%

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The RBA raised the cash rate to 4.60% on 30 September. Savings Accelerator moved on 9 October, 9 days later.

What it asks

Nothing each month
Each month

Nothing. The rate is paid every month.

Who can open it

Anyone 18 or over

Balance

The top rate is paid on balances up to $2,000,000.

Compare all 151 accounts

Rate history

Last change 9 Oct
  • Savings Accelerator
  • RBA cash rate
  • Market average
3.004.005.00MarMayJulSepToday5.05% p.a. today

October 20261 change

  1. 9Fri
    • 4.80 → 5.05Total rate 4.80% → 5.05% · 9 days after the RBA rise to 4.60%
      +0.25

May 20262 changes

  1. 15Fri
    • 4.60 → 4.80Total rate 4.60% → 4.80% · 9 days after the RBA rise to 4.35%
      +0.20
  2. 1Fri
    • 2.75 → 4.60Total rate 2.75% → 4.60% · 44 days after the RBA rise to 4.10%
      +1.85

March 20261 change

  1. 27Fri
    • 2.50 → 2.75Total rate 2.50% → 2.75% · 9 days after the RBA rise to 4.10%
      +0.25

  1. #42FebFeb 2026: ranked 42 of 42
  2. #63MarMar 2026: ranked 63 of 64
  3. #47AprApr 2026: ranked 47 of 76
  4. #49MayMay 2026: ranked 49 of 79
  5. #52JunJune 2026: ranked 52 of 79
  6. #53JulJuly 2026: ranked 53 of 80
  7. #53AugAug 2026: ranked 53 of 80
  8. #66SepSep 2026: ranked 66 of 120
  9. #67OctOct 2026: ranked 67 of 150
  10. #68NowNov 2026: ranked 68 of 151
  • Top 5%
  • Top 10%
  • Top 25%
  • Top half
  • Lower half

Mostly outside the top half of accounts over the last 10 months: from #67 of 150 in Oct 2026 to #42 of 42 in Feb 2026.

Interest a year
$2,525
Each month
$210
Against the average (4.37%)
+$341

On a $50,000 balance. Type yours above; it's kept with your savings preferences.

Up to $2M5.05%
$2M+2.95%

Notes from savers

to leave a note.

Other ING accounts: Savings Maximiser 5.75% · Savings Booster 5.65%

Pays 5.05% p.a. with no bonus conditions as of 1 November 2026. Ranks 68th of 151 savings accounts tracked by BankMate, 0.68 points above the average of 4.37%. The rate last rose on 9 October 2026, 9 days after the RBA raised the cash rate to 4.60%. From ING's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·