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Savings Booster 5.65% p.a. Interest on up to $500000 (+0.6% for 4 Months for New Customers, $100/Month Balance Growth Req) @ ING

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Savings Booster 5.65% p.a. Interest on up to $500000 (+0.6% for 4 Months for New Customers, $100/Month Balance Growth Req) @ ING
Go to Deal
Hiphopopotamus on 30/09/2026 - 21:01 ing.com.au (320 clicks)
Last edited 30/09/2026 - 21:08 by 1 other user
  • Welcome rate of 0.60% p.a. for the first four months on balances up to $500K.
  • Boost rate of 3.15% p.a. on balances up to $500K when you grow your balance by $100 or more each month (excluding interest).
  • Base rate of 2.5% p.a. on balances up to $2 million.

How do I qualify for the Savings Booster Boost rate and the Welcome rate?

To qualify for the Savings Booster Boost rate, your balance by the last day of the month must be at least $100 higher than your balance at the end of the previous month (excluding any interest earned).

To qualify for the Savings Booster Welcome rate, you and any joint account holder must not have previously held a personal savings account with ING. The Welcome rate applies for the first 4 months from account opening on balances up to $500,000 and is paid on top of the Base rate and, if eligible, the Boost rate.

Interest rate increase announcement

ING Referrals

Referral: random (691)

Referee & Referrer: $100 each for opening new Orange Everyday & Saving Booster Accounts.

Referrer: Do not participate in the referral system if you do not have a current $100 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. Referral program ends 30 November

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Comments

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    • Trishool on 30/09/2026 - 21:35

      You know no one is forcing you to sign up to that, right?

      • 2
      • askbargain on 30/09/2026 - 22:39

        Half of OzBargain complain about entirely optional things.

        • 0
        • Tsapena on 01/10/2026 - 05:15

          Its a warning to people not a complaint

          • -1
      • Tsapena on 01/10/2026 - 05:14

        Thanks for telling me something i already knew.
        Its to warn people what a crappy shitty bank this is

        • -2
  • bird380 on 30/09/2026 - 21:31

    Wow, will be 6.25% for new customer!!

    • 4
  • Zippy7 on 30/09/2026 - 21:38

    The old phone app worked okay.
    In order to access or even view a savings booster account, you need to use their new app. It really sucks hard. It's like they got a completely different developer who refused to keep any of the existing workflows and wanted to reinvent the wheel (along with associated bugs/defects).
    Or shall I call these irritating interface things "features" that nobody asked for.

    • 4
    • Marty8 on 30/09/2026 - 21:44

      Yeah so firstly it has a 5 digit pin, (different to your 4 digit pin from the previous app for no reason at all) and if you forget it, you have to delete the app and reinstall it, no other options despite previously alllowing fingerprint log in.
      I'm bailing when the old app expires.

      • 4
    • tenpercent on 30/09/2026 - 23:08

      You can have both apps installed at once.

      • 0
  • princeofpoverty on 30/09/2026 - 21:53

    The new app for Android is so ugly and bad to use considering it is a bank worth so much meanwhile Ubank just moggs it and when I am interacting with the bank mostly using phone it has to be a more pleasant experience, Ubank being a subsidary of NAB is so much better UI and UX experience than ING

    • -1
    • denserham on 30/09/2026 - 23:18

      For some reason it ignores your nicknames for accounts, it is baffling somewhere deep in the new app I was able to see the nickname but for some reason all my accounts now have the same name. And now when I name a joint account it doesn't also name my wife's joint account the same lime it used to. The website still works the good old way. So strange

      • 1
  • jsam on 30/09/2026 - 21:53

    They earn money if you want to transfer out at the end of the month

    • 1
  • freeb1e4me on 30/09/2026 - 22:45

    Bad app

    • 0
    • tenpercent on 30/09/2026 - 23:09

      An app doesn't fall from the fee

      • 0
      • Lps on 30/09/2026 - 23:24

        ..or far from the fee

        • 1
  • DraggyX on 01/10/2026 - 01:36

    So after 4 months, you move your money back?

    • 0
  • SkyeMG on 01/10/2026 - 01:51

    Trash app and trash CS after my exp with a past promotion

    • 0
  • Duece1995 on 01/10/2026 - 08:00

    Great deal to get 6.25% I'll sign up in 7 days.

    • 0
    • fraxinus on 01/10/2026 - 08:26

      I was wondering if we can start anytime during the month or only on the 1st to get the full 4 months worth of the promo rate.

      • 0
  • Mad Max on 04/10/2026 - 10:58

    Can anyone please advise if ING requires existing customers to take a selfie to open a new Booster account.

    • 0
    • aneil915 on 04/10/2026 - 16:13

      I didn't have to when I opened a Savings Booster account.

      • 1
      • Mad Max on 05/10/2026 - 10:55

        Thank you. Was it recently? I thought I had seen a comment from someone not long ago saying it redirects you to the app and asks for a selfie as if you were a completely new customers. But I cannot find that comment now.

        • 0
        • aneil915 on 05/10/2026 - 16:15

          I opened the account Savings Booster account about 2 weeks ago.

          • 1
  • ozproud on 05/10/2026 - 16:19

    For those who already opened a SB account, just wondering if you can have multiple SBs similar to Saving Maximisers?
    Because when I read the T&C, it seems like you can transfer money from one SB to another SB.

    • 0
    • ShadowSaver on 09/10/2026 - 08:42

      No benefits as u dont get extra interest if u max out u first acc. Booster is separate to maximiser which allows an additional 500k

      • 1
      • ozproud on 09/10/2026 - 09:09

        yeah, that's what I also think

        • 0
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