Term Deposits

For a longer term savings goal an ING DIRECT term deposit can help you get there sooner with a high interest rate guaranteed for your timeframe of choice on deposits of $10,000 or more and no ING DIRECT fees. With every cent deposited earning you interest, all your money gets the chance to grow. Plus, roll over your term deposit for the same or different term and hold your funds till the maturity date of your new term deposit and you’ll get a non-cumulative loyalty bonus added on to the interest rate applicable at roll over

Compare other term deposit products at

All rates are based on a balance of $50000 for a term of 3 months.
Nominal Rate 2.80%
Effective Rate 2.83%
Payment Frequency At Maturity
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
Find out more about our information service