Savings · vs term deposit
ING Savings Maximiser vs ING's term deposit
INGING Savings MaximiserSavings account · a bonus with monthly conditions
vs
INGING Personal Term DepositsTerm deposit · 3 months to 2 years
Compare on
Interest over 1 year on $50,000
$2,875
5.75% a year, conditions met
$2,650
5.30% a year · paid at maturity
Over 1 year on $50,000, ING Savings Maximiser pays $2,875 with its conditions met; ING's 12-month term deposit pays $2,650.
Worked out on $50,000 until you pick a balance
INGSavings Maximiser
INGTerm deposit
Figure by figure
Interest over 1 year
on $50,000
$2,875
with its conditions met
+$225 · More interest over the term
$2,650
paid at maturity
Interest over 1 year with the conditions missed
on $50,000
$5
at the base rate
$2,650
no monthly conditions
Rate over the term
a year, on $50,000
5.75%
with its conditions met
+0.45 · Higher rate over the term
5.30%
fixed for the term
Asked of you each month
- 1A deposit of at least $1,000
- 25 card purchases
- 3A balance that ends the month higher than it started
Nothing
the money stays put
Getting the money out
Any time
no notice needed
Locked for 1 year
31 days’ notice to break it early, usually at a lower rate
Can the rate change?
Yes, at any time
the bank sets it
No
fixed for 1 year
Minimum to open
None
$10,000
up to $5,000,000
Who can open it
Anyone 18 or over
Anyone
How they differ
- A savings rate can change at any time. ING Savings Maximiser's figure holds today's rate for 1 year.
- A term deposit's rate is fixed for the term, but the money is locked in: breaking it early needs 31 days' notice and usually costs some of the interest.
- Both are covered by the Financial Claims Scheme, up to $250,000 per person at each bank. Money in both at ING shares that one $250,000.
ING Personal Term Deposits at every term
The rate the balance above gets at each term, and the interest it pays over that term.
4 monthsPaid at maturity5.00%$833
7 monthsPaid at maturity5.00%$1,458
9 monthsPaid at maturity5.10%$1,912
11 monthsPaid at maturity5.35%$2,452
1 yearPaid at maturity5.30%$2,650
As of 26 October 2026, over 1 year on $50,000, ING Savings Maximiser pays $2,875 with its monthly conditions met; ING's 12-month term deposit pays $2,650 at 5.30%. Figures are the bank's published rates, worked out on the balance above as simple interest. Each row says which figure is higher; it doesn't say which one suits you.