Savings account
Savings Maximiser
Current savings rate from ING. Compare the ongoing rate, bonus conditions, introductory offers, and eligibility in one place.
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.
What to know
This page focuses on the ongoing rate: 5.50% p.a. That is the rate after any honeymoon period ends.
To earn the full rate, you need to meet these conditions: 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.
If you miss the conditions in a given month, you earn only the base rate: 0.01% p.a.
Most common catch: 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.
The bonus component is capped at $100,000.
Eligibility: minimum age 18 .
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The information on this page is general in nature and does not constitute financial advice. Rates are subject to change — verify directly with the provider before making a financial decision.