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ING Term Deposit Rates

Online-only bank popular for competitive term deposit and savings rates. Rates last checked 2026-08-08.

Rates shown may include promotional offers and can change without notice — confirm the current rate on the provider's site before acting. How we source rates

Term Interest Rate (p.a.) Min. Deposit
3 months 5.05% $10,000
6 months 5.20% $10,000
12 months 5.30% $10,000
24 months 4.70% $10,000

Source: ING term deposit rates

Notes on ING's rates

Rates reported for deposits of $10,000 or more. No 3-year or 5-year figure could be confirmed at last review.

Interest Payment Options

ING's interest payment options: Varies by term. Interest paid at maturity typically offers the headline rate; opting for monthly or quarterly payments can reduce the effective rate slightly, since you're accessing your returns sooner.

How ING Compares

Term deposit rates move independently between banks, so it's worth checking a few options before committing. See how ING stacks up against other providers:

Or use our full comparison table to see every bank side by side, or the term deposit calculator to estimate your returns.