Ing Term Deposit

 admin
Interest Rates

ING Term Deposit review Overall rating 8 / 10 Try them for the high interest rates. I like ING for term deposits because they always have the highest interest rate and are so secure and it is easy to use. When your term deposit matures, roll over your full deposit amount (or more) for another term and receive a Loyalty Bonus of 0.10% p.a. On top of the current standard interest rate. Security All deposits up to $250,000 (limit applies to total funds deposited with NAB) are covered under the Financial Claims Scheme (FCS).

Short Term Deposits

Highest variable rate

For customers who also have an Orange Everyday bank account and do these things each month:
1. Deposit $1,000+ (from an external account)
2. Make 5+ card purchases (settled, not pending) and
3. Grow their nominated Savings Maximiser balance (excluding interest).
Available on one account for balances up to $100,000 with the additional variable rate applied the month after eligibility criteria has been met.

variable rate (incl. % p.a. additional variable rate)

Personal Term Deposits

Competitive interest rates, fixed for the term. Minimum opening deposit of $10,000.

Ing Term Deposit

Interest Rates
Interest Rates

Ing Term Deposit Early Withdrawal

$150,000 and over

Applies to your total balance, not just amounts $150,000 and over.

$50,000 - $149,999.99

Applies to your total balance, not just amounts $50,000 and over.

The combined total deposits in all your Savings Accelerator account(s) shouldn't exceed $5 million, whether account(s) are in individual or joint name(s).
Ing
  • Deposits

What is a term deposit?

A safe and guaranteed investment: you know, to the nearest penny, just how much you will have built up by the time your deposit matures.

A term deposit allows you to invest your money:

  • for a predetermined period of time;
  • at a predetermined fixed rate of interest;
  • free of all charges (unless redeemed early).

A term deposit allows you to benefit from the best rates on the money market in return for being obliged to block your money for the term of the deposit.

What term periods can I choose from for my term deposit?

You can choose the term period that best suits your needs. The term periods generally available are:

  • 1 month
  • 2 months
  • 3 months
  • 6 months
  • Or 12 months

Which currencies are available for my term deposit?

Term

At ING Luxembourg, term deposits are available in nine currencies:

  • Euro (EUR)
  • Swiss franc (CHF)
  • Pounds sterling (GBP)
  • Danish krone (DKK)
  • US dollar (USD)
  • Canadian dollar (CAD)
  • Australian dollar (AUD)
  • New Zealand dollar (NZD)
  • Japanese yen (JPY)

The interest on term deposits is fixed daily, based on the money market trends for the specific currency over the period of time concerned. The rates are also commensurate with the sum deposited. The resulting rate will be fixed for the full term of your deposit. The minimum deposit is 25,000 euros, or the equivalent value, to ensure that you get the most advantageous rate.

For today’s interest rates on term deposits, contact your local branch.

Interested in Term deposit?

Our advisors will answer you.