Last updated: July 2026
ING Savings Maximiser Interest Rate
Current rate, conditions, and history for the ING Savings Maximiser. Sorted by ongoing rate — not the honeymoon headline.
Deposit $1,000 or more from an external source into any personal ING account, make 5 or more settled card purchases on your linked Orange Everyday account, and grow your nominated Savings Maximiser balance (excluding interest) each calendar month. Applies on balances up to $100,000. Bonus rate applies in the following calendar month.
Bonus rate applies on balances up to $100,000
The most common reason for losing the bonus is the balance growth condition — any net withdrawal before month-end forfeits the bonus for the following month. The 5 card purchases must be settled (not just authorised) before the month closes, and the bonus applies the next calendar month, not the month you earned it.
How the Savings Maximiser rate works
The Savings Maximiser splits its rate into two components: a base rate of 0.01% p.a. paid on all balances, plus a bonus rate of 5.49% p.a. when you meet the monthly conditions. Combined, that's 5.50% p.a.
The timing matters: conditions must be met in the current calendar month for the bonus to apply in the following month. Missing a month drops you to the base rate for that month only — you can requalify the next month.
The bonus rate applies to balances up to $100,000. Balances above that earn only the base rate, so the account works best as a primary savings vehicle below the cap.
There is no introductory period — the bonus rate is available indefinitely, every month you qualify.
About ING
ING is a Dutch bank that has operated in Australia since 1999. It holds an Australian banking licence and is regulated by APRA as an authorised deposit-taking institution (ADI).
The Savings Maximiser is designed to pair with ING's Orange Everyday transaction account — both are required to earn the bonus rate. Deposits are protected under the Financial Claims Scheme up to $250,000 per account holder per ADI.
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