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
All rates are based on a balance of $50000 for a term of 12 months.
Nominal Rate 3.8%
Effective Rate 3.8%
Payment Frequency Annually
Partial Withdrawal Penalty No
Compounding Interest No

Product Features

Can the institution send an email to you on maturity?
Can the institution call you on maturity?
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
Whether the interest dividend can be paid into an account held with another financial instituion

These 12 month term deposits are ranked by nominal interest rate on a balance of $50,000.

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