ING Savings Accelerator: 5.15% p.a. Interest for 4 Months on Balance $150,000- $500,000 (New & Targeted Existing Customers)

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ING Savings Accelerator: 5.15% p.a. Interest for 4 Months on Balance $150,000- $500,000 (New & Targeted Existing Customers)
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onceupon8 on 23/04/2025 - 16:01 campaigns.ing.com.au (406 clicks)
Last edited 23/04/2025 - 17:04 by 2 other users

Open a Savings Accelerator and roll higher with our 5.15% p.a. variable kick starter offer. This includes a special 0.70% p.a. variable kick starter rate for the first 4 months on balances up to $500,000. After that, roll on with our 4.45% p.a. variable ongoing rate.

TARGETED for existing ING clients, and available for all new ING clients.

I just received an email that they are opening up the 4 month bonus 0.7% extra interest offer to existing ING customers for the ING Savings Accelerator account. Presumably for ING customers who hold Everday/Savings Maximiser accounts but not Savings Accelerator accounts.

Note: The Savings Accelerator account has a lower Interest rate than the ING Savings Maximiser. It is a no strings attached savings account. For balances over $150,000, they are offering a total rate of 5.15% for the first 4 months, then 4.45%.

This compares to 5.4% with the multiple hoops ING Savings Maximiser account.

This may be useful to you if either:
a) you have already used up the $100,000 limit for the highest interest rate with ING Savings Maximiser & Ubank and want to put additional funds into it; or
b) You want a no hoops account (eg no 5 card transactions per month, grow your account etc hoops)

Referral Links

Referral: random (741)

Until 30/06/2025, referrer and referee will each receive $125 for opening new Orange Everyday & Saving Maximiser Accounts.

Referrer: Do not participate in the referral system if you do not have a current $125 referral code.

Referee: To qualify, you are required to deposit a minimum $1,000 from an external source into the new Orange Everyday account, deposit any amount into the a Savings Maximiser Account, and make at least 5 (settled) card transactions within any calendar month with the new Orange Everyday card.

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Comments

  • yht on 23/04/2025 - 16:09

    Hopefully I am targeted

  • Fredfloresjr on 23/04/2025 - 16:11
    +11

    Thanks, $5M transferred to ING.

    • bleemo on 23/04/2025 - 16:14
      +3

      Any advice what to do after the first $5M?

      • Fredfloresjr on 23/04/2025 - 16:15
        +2

        All in, lions 🦁 to win it all.

        • bleemo on 23/04/2025 - 16:23
          +2

          I assume this is financial advice

        • MS Paint on 23/04/2025 - 16:24
          +1

          I'm not putting $25m on that

  • yht on 23/04/2025 - 16:13
    +2

    But wait,
    Accounts with balances $150,000 - $500,000
    5.15%
    Accounts with balances $50,000 - $149,999.99
    4.20%
    Accounts with balances $0 - $49,999.99
    3.30%

    You would earn less.

    • Herbs on 23/04/2025 - 16:38
      -2

      Yes, 5.15% is only to $500k. Title is incorrect.

  • Slo20 on 23/04/2025 - 16:25
    -1

    5.15% is capped at $500k.

  • Financefiend on 23/04/2025 - 16:30
    +1

    Only for people without a Savings Maximiser:

    “For accounts opened between 9 August 2024 and 30 June 2025 (inclusive), the variable kick starter rate is a special rate of 0.70% p.a.

    The variable kick starter rate is not available on a Savings Accelerator if any account holder has ever held a personal savings account with ING “

    • runamuck on 23/04/2025 - 18:42
      +2

      Not true.

      The terms are different for everyone.

      Below is what I got:
      Under this offer, the variable kick starter rate is available to you when you open a Savings Accelerator account before 31 May 2025, even if you have held an ING savings account before.

      • Jaitch on 23/04/2025 - 20:19

        And I got:

        "We usually save this special kickstarter rate offer just for new ING customers, but we thought you deserved something extra special. We're excited to share it with you!"

        • rrrrrrein on 23/04/2025 - 22:35

          I received the same wording as shown at the beginning of the body of the email.

  • Viospeed on 23/04/2025 - 16:48

    It's a good rate, but too bad most of us aren't eligible.

  • DDozBargain on 23/04/2025 - 18:52

    Am I right in saying this is a variable rate so could be adjusted down during the four months? If so wonder how this will go with talk of interest rate cuts.

    • onceupon8 on 24/04/2025 - 07:56

      Yes interest rates will go down. But no one really knows if they will go down next month or in a years time.

    • Viospeed on 24/04/2025 - 15:01

      Not sure with ING but when I signed up to Macquarie and got the bonus interest rate for 4 months it stayed the same even after the RBA cut rates.

  • LFO on 11/05/2025 - 10:35

    A general question:

    What is the advantage of this 5.15% p.a. Interest for 4 Months when an existing ING customer will get 5.40% on their Savings Maximiser account?

    What I am missing?

    I am missing anything at all? ? ?

    Note: Yes I am aware S.Maximiser is up to $100k and this offer is up to $500k. Other than that, any advantage?

  • amorn on 30/05/2025 - 13:02

    Is $150,000- $500,000 excl. S Maximizer balance?

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