ING will be increasing the additional variable rate on our Savings Maximiser by 0.75% p.a. which will take our highest variable rate to 2.10% p.a. The additional variable rate is available to eligible customers that meet the monthly criteria. Available on one account for balances up to $100,000 (see comments below for details).
The additional variable rate (that is added to the Savings Maximiser standard variable rate, currently 0.05% p.a.) applies on one nominated Savings Maximiser per customer for the next calendar month when you also hold an Orange Everyday account and in the current calendar month you do the following:
- deposit at least $1,000 from an external bank account to any personal ING account in your name (excluding Living Super and Orange One);
- also make at least 5 card purchases that are settled (and not at a 'pending status') using your ING debit or credit card (excluding ATM withdrawals, balance enquiries, cash advances and EFTPOS cash out only transactions); and
- ensure that the balance of your nominated Savings Maximiser account at the end of the month (excluding interest) is higher than it was at the end of the previous month. When we assess whether you've met this balance growth requirement, we do not take into account any interest earned on your account in the month.
Each customer can nominate a maximum of one Savings Maximiser account (either single or joint) to receive the additional variable rate (where eligible). You can check and change your nominated Savings Maximiser account via online banking, If you have any questions about your account, please visit ing.com.au/contactus for contact details and operating hours. If no nomination is made, the additional variable rate (where eligible) will be applied to an account nominated by ING at its sole discretion.