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This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Term Deposits from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all provider sand may not compare all features relevant to you, for further details refer to our FSCG. The rating shown is only one factor to take into account when considering these products. See the rating methodology We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Term Deposit, you will deal directly with a financial institution, and not with RateCity.

ING DIRECT

Term Deposits

For a longer term savings goal an ING term deposit will help you get there sooner with a high fixed rate of interest and now serving fees. You won’t be restricted by a minimum opening deposit and can rest assured knowing that your money is safely locked away from temptation and won?t be subjected to fluctuating interest rates. ING term deposits are one of the hottest around and received Money Magazine awards in 2008.

Compare other term deposit products at RateCity.com.au

Product Details

Company
ING DIRECT
Nominal Rate
4.5%
Effective Rate
4.5%
Payment Frequency
Annually
Maturity Alert
Phone Mail
Partial Withdrawal Penalty
No
Compounding Interest
No
Updating your preferences

Product Features

Automatic rollover y

Whether your term deposit account will automatically roll over to a new account with the same term once it reaches maturity if you do not instruct otherwise

Partial withdrawal n

Partial withdrawal permitted: If this account allows customers to partially redraw on their account without being penalized.

Int paid via other institution n

Whether the interest dividend can be paid into an account held with another financial instituion

Balance
Month
Amount Invested
$20000
Interest Earned
$20000
Months Elapsed
The graph above displays total estimated interest earned based on the requested deposit frequency and parameters entered.
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