ING BANK (Australia) Ltd
Business Term Deposit
ING BANK (Australia) Ltd · term deposits
Provider last updated this product 2026-09-17.
A high fixed interest rate for business savings. You choose the time frame.
Deposit rates
| Type | Rate | Term | Calculated | Applies to | Conditions | Interest |
|---|---|---|---|---|---|---|
| FIXED | 5.05% | 3 months | daily | - | - | calculated daily |
| FIXED | 5.10% | 4 months | daily | - | A fixed interest rate for business savings. | calculated daily |
| A fixed interest rate for business savings. | ||||||
| FIXED | 5.15% | 6 months | daily | - | - | calculated daily |
| FIXED | 5.15% | 7 months | daily | - | - | calculated daily |
| FIXED | 5.25% | 9 months | daily | - | - | calculated daily |
| FIXED | 5.20% | 11 months | daily | - | - | calculated daily |
| FIXED | 5.35% | 12 months | daily | - | - | calculated daily |
| FIXED | 5.35% | 24 months | daily | - | For terms of more than one year, interest is credited to your account on the Anniversary Date and on the day prior to the maturity date. | calculated daily |
| For terms of more than one year, interest is credited to your account on the Anniversary Date and on the day prior to the maturity date. | ||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Account fee | PERIODIC | $0 | There are $0 monthly fees. |
| Early withdrawal | EXIT | $0 | You may withdraw all (but not part) of your deposit before the end of the term. A reduced rate of interest will apply in these circumstances. You'll need to give us at least 31 days' advance notice (except in the case of hardship). |
Rate history
The figures behind this chart
| From | Until | Rate |
|---|---|---|
| 2026-09-27 | 2026-09-30 (current) | 5.35% |
Published figures as captured daily since 2026-09-27. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
Who can apply
- min age - 18You need to nominate between one and four authorised users to operate your Business Term Deposit. They must be at least 18 years old.
- otherYou need to nominate between one and four authorised users to operate your Business Term Deposit. They must be an Australian resident for taxation purposes.
- otherYou must be an account holder using the product for business purposes or with a Self-Managed Super Fund (SMSF).
- otherThe account cannot be used by bare/informal trusts, public companies, unincorporated associations, or a statutory account.
Limits
- min balance - 10000.00Business Term Deposits require a minimum opening deposit of $10,000.
- opening balance - 10000.00Minimum balance of $10,000.
- max balance - 10000000.00We may not accept a deposit to your Business Term Deposit if it would result in the combined deposits of all your Business Term Deposit(s) exceeding $10,000,000.
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-09-17T14:00:00.000Z · Product ID: 544ca08a-57ec-45a3-85ef-0a398646795a