ING term deposit rates
8 terms published on 10 Oct 2026, best 5.35% for 11 months, from ING’s own Consumer Data Right feed. Registered as ING BANK (Australia) Ltd.
ING at a glance
Today’s rates8 terms · read 10 Oct 2026
| Term | Rate | Rank | vs median | vs best | Last change | This rate | Min. deposit | Product |
|---|---|---|---|---|---|---|---|---|
| 3mo | 5.05% | joint #7 of 68 | +0.50 | −0.20 | — | same on every day read since 26 Aug 2026 | $10,000 | Personal Term Deposits |
| 4mo | 5.00% | joint #11 of 49 | +0.35 | −0.40 | — | same on every day read since 26 Aug 2026 | $10,000 | Personal Term Deposits |
| 6mo | 5.20% | joint #10 of 73 | +0.20 | −0.25 | — | same on every day read since 26 Aug 2026 | $10,000 | Personal Term Deposits |
| 7mo | 5.00% | joint #16 of 43 | +0.05 | −0.45 | — | same on every day read since 26 Aug 2026 | $10,000 | Personal Term Deposits |
| 9mo | 5.10% | joint #22 of 60 | +0.30 | −0.30 | — | same on every day read since 26 Aug 2026 | $10,000 | Personal Term Deposits |
| 11mo | 5.35% | joint #2 of 45 | +1.35 | −0.10 | ▲ +0.35 14 Sep | in effect since 14 Sep 2026 | $10,000 | Personal Term Deposits |
| 1yr | 5.30% | joint #23 of 75 | +0.05 | −0.30 | — | same on every day read since 26 Aug 2026 | $10,000 | Personal Term Deposits |
| 2yr | 5.25% | joint #7 of 67 | +0.55 | −0.30 | ▲ +0.55 14 Sep | in effect since 14 Sep 2026 | $10,000 | Personal Term Deposits |
“Rank”, “vs median” and “vs best” compare ING with every bank that publishes the same term today. “This rate” is the first day our daily read showed the current rate — a rate that changed between two reads is dated to the first read that showed it.
What ING publishes about its products3 term deposit products · as published 10 Oct 2026
| Product | Interest paid | Min. deposit | Max. deposit | Fixed-rate terms | Links |
|---|---|---|---|---|---|
| Personal Term Deposits | at maturity | $10,000 | not stated | 8 | product page |
Personal Term Deposits: eligibility, conditions and features
- Eligibility
- minimum age: 18 — You must be aged 18 or over.; You must be an Australian resident for taxation purposes.
- Conditions
- min balance 10000.00 — Minimum balance of $10,000.; opening balance 10000.00 — Minimum balance of $10,000.; max balance 5000000.00 — We may not accept a deposit to your Personal Term Deposit if it would result in the combined deposits of all your Personal Term Deposit(s) (whether in individual or joint names) exceeding $5,000,000.
- Features
- digital banking
- The bank’s description
- A high interest rate guaranteed for the term. You choose the timeframe.
- Interest calculated
- daily
Also published, not ranked here: Business Term Deposit smsf (product page); Wholesale Term Deposit smsf (product page).
Every line is the bank’s own statement in its feed, read that day — nothing is inferred. Early-withdrawal terms appear under conditions or features when a bank states them.
Rate historyevery sweep day since 26 Aug 2026 · 46 days · 8 terms
3mo 5.05% today
26 Aug 202610 Oct 2026
4mo 5.00% today
26 Aug 202610 Oct 2026
6mo 5.20% today
26 Aug 202610 Oct 2026
7mo 5.00% today
26 Aug 202610 Oct 2026
1yr 5.30% today
26 Aug 202610 Oct 2026
2yr 5.25% today
26 Aug 202610 Oct 2026
All 8 terms — the other 2
9mo 5.10% today
26 Aug 202610 Oct 2026
11mo 5.35% today
26 Aug 202610 Oct 2026
Each line is the best retail rate ING published for that term on each day we read its feed. A break in the line is a day we read no rate for that term — the feed could not be read, or the bank did not publish that term that day — never a rate carried forward.
Where ING sitsagainst the 77 banks ranked today
1yr: 22 banks ahead
- Community First Bank 5.60%
- Dnister Bank 5.55%
- Heartland Bank 5.55%
- Unity Bank 5.50%
- Alex Bank 5.50%
- Bank Australia 5.50%
- and 16 more on the leaderboard
6mo: 9 banks ahead
- Heartland Bank 5.45%
- RACQ Bank 5.45%
- Unity Bank 5.35%
- Dnister Bank 5.30%
- Bank Australia 5.30%
- Bank First 5.30%
- and 3 more on the leaderboard
Timeline2 rate changes since 26 Aug 2026 · ▲2 ▼0 · 1 event
| Date | Term | From → to | Δ |
|---|---|---|---|
| 30 Sep 2026 | RBA | RBA cash rate 4.60% — up 0.25 pointsReserve Bank decision effective 2026-09-30: cash rate target 4.60%, a rise of 0.25 percentage points. | |
| 14 Sep 2026 | 2yr | 4.70 → 5.25 | ▲ +0.55 |
| 14 Sep 2026 | 11mo | 5.00 → 5.35 | ▲ +0.35 |
Questions about these rates
What is ING’s best term deposit rate today?
On 10 Oct 2026, the best retail term deposit rate ING publishes in its Consumer Data Right feed is 5.35% for 11 months (Personal Term Deposits). That is joint #24 of the 77 Australian banks ranked by best rate today.
What is ING’s 12-month term deposit rate?
5.30% as read on 10 Oct 2026, 0.05 points above the market median of 5.25%, and joint #23 of the 75 banks publishing a 12-month rate. The market-best 12-month rate today is 5.60%.
What is the minimum deposit at ING?
The lowest minimum ING states in its feed is $10,000 (Personal Term Deposits, 3-month). Check the product disclosure statement for balance tiers.
When did ING last change a term deposit rate?
The most recent change we read was on 14 Sep 2026: the 24-month rate moved from 4.70% to 5.25%. We have read 2 changes at ING since 26 Aug 2026.
Are deposits with ING guaranteed?
ING publishes its products under the Consumer Data Right as an Australian data holder. Under the Financial Claims Scheme, administered by APRA, protected Australian-dollar deposit accounts at an Australian-incorporated authorised deposit-taking institution (ADI) are covered up to $250,000 per account holder per ADI. Several brands can share one ADI licence, in which case the cap covers them together, so confirm which licence ING operates under before relying on the guarantee. Scheme facts checked against apra.gov.au (Financial Claims Scheme) on 15 Sep 2026 — the link is under “About ING” below; rates are as read on 10 Oct 2026.
About ING
- Registered as
- ING BANK (Australia) Ltd
- Also known as
- ING Bank Australia, ING Direct
- Type
- Foreign-owned bank
- Part of
- ING Group (Netherlands)
- Website
- www.ing.com.au
- Consumer Data Right feed
- https://id.ob.ing.com.au
- Deposit guarantee
- Financial Claims Scheme, up to $250,000 per account holder per ADI — scheme details and covered institutions at APRA (checked 15 Sep 2026)
The rates on this page are the retail term deposit rates ING publishes in its own Consumer Data Right product feed, read once a day. Business, SMSF and staff-only products are left out. A product the bank publishes as “tailored” (pricing may be negotiated) is included only when the bank also states it is open to individuals, and is marked as tailored. A day on which we read no rate is a gap on this page — never an estimate.
Facts about the institution reviewed 15 Sep 2026. Rates read 10 Oct 2026.
Savings accounts at INGhighinterestsavingsaccounts.org
A savings account keeps the money at call, but its rate can change at any time and its best rate usually has monthly conditions. A term deposit locks one rate for its term. Both figures come from the bank’s own feed.
Please note: the savings figures on this page are estimates only and may not reflect the return you actually receive. Actual returns vary with tax, fees, the interest payment frequency and any change the bank makes to a rate before you open the account. Rates are the bank’s own published Consumer Data Right figures and may differ for particular balance tiers or online-only products. Always read the product disclosure statement, confirm the rate with the bank, and consider your own circumstances. Nothing here is financial advice or a recommendation. This site is published by Nutshell Media Pty Ltd, which is not affiliated with any bank, credit union or building society.