Term deposits · Side by side

ING vs Macquarie

Each bank at its highest rate for your choices, whichever of its deposits that is.

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Interest on $50,000 for 1 year
$2,650
5.30% a year · paid at maturity
$2,675
5.35% a year · paid at maturity

Macquarie pays $25 more over 1 year than ING.

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$50,000 until you say otherwise. Interest at each bank's rate for that amount, simple interest over the term. The government guarantee (the Financial Claims Scheme) covers up to $250,000 per person at each bank.

INGING
MacquarieMacquarie
The deposit behind the figures
Personal Term Deposits
1 year · interest paid at maturity
Digital Term Deposit
1 year · interest paid at maturity
Interest rate
a year, on $50,000
5.30%
5.35%
0.05 points higher · Higher rate
Interest over the term
on $50,000 for 1 year
$2,650
$2,675
$25 more · More interest
How interest can be paid
at 1 year
At maturity
At maturity
Who gets the rate
Anyone opening one
Anyone opening one
Deposit amounts
this deposit, every band
$10,000–$5,000,000
$25,000 or more
Breaking it early
Not described in the bank’s data. Usually 31 days’ notice, at a lower rate.
Not described in the bank’s data. Usually 31 days’ notice, at a lower rate.
Terms offered
3 months to 2 years
3 months to 1 year

Every term

The highest rate each side has at each term on $50,000, with the interest it pays.

3 months
5.05%
$631
5.05%
$631
6 months
5.20%
$1,300
5.20%
$1,300
9 months
5.10%
$1,912
5.25%
$1,969
0.15 points higher · Higher rate, 9 months
1 year
5.30%
$2,650
5.35%
$2,675
0.05 points higher · Higher rate, 1 year
2 years
5.25%
$5,250
—
Not offered

Rates over time

The 1 year rate above, a cell a week. A move shows as ▲ or ▼ in the week it happened.

As of 26 October 2026, on $50,000 for 1 year, ING pays $2,650 at 5.30%; Macquarie pays $2,675 at 5.35%. Rates are the banks' own, published through Open Banking, at the amount above. Each row says which figure is higher; it doesn't say which deposit suits you.

Compare all 295 term deposits

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