ING DIRECT Savings Maximiser

Headline interest rate p.a.
6.10%

Monthly fee
$0

Account type
Savings

Moneybuddy says

Savings Maximiser is a high interest savings account that gives you easy access to your money. SimplyLink to an external bank account and move your money in and out as often as you like! All new customersreceive a variable welcome rate for the first 4 months from opening, on balances up to $250,000. No INGDIRECT Fees, no hidden catches, no fixed term or minimum account balance. Apply online today!

The Basics

Interest paid Monthly

Interest calculated Daily

Headline interest rate p.a. 6.10%

Monthly fee $0

Account type Savings

The cool stuff: features

ATM access No

EFTPOS access No

Branch access No

Internet Banking Yes

Age restrictions Yes

Cheque book facility No

Debit card No

BPAY No

GiroPost No

Phone access Yes

The Facts & Figures

Balance less than $1k (p.a.) 6.10%

Balance less than $5k (p.a.) 6.10%

Balance less than $25k (p.a.) 6.10%

Balance greater than $100k (p.a.) 6.10%

Min. balance -

Min. opening deposit -

Number of free elect transactions per month unlimited

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee -

Branch assistance fee -

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ING DIRECT says

Savings Maximiser is a high interest savings account that gives you easy access to your money. Simply Link your Savings Maximiser to an external bank account or an ING DIRECT Orange Everday account and move your money in and out of your Savings Maximiser as often as you like! The Savings Maximiser has been awarded the CANSTAR CANNEX Five Star rating, so you can be assured of outstanding value from ING DIRECT

Key features

No ING DIRECT fees, ever
Easy to apply online
Consistently high variable interest rate
No fixed term
Balances up to $1 million are guaranteed by the Australian Government ($250,000 from Feb 1 2012)
Easy access to your savings online or via phone banking
24 hours 7 days a week Australian based customer service

Pros

High savings interest rate of 6.10% for the first four months
Can be linked to any bank account for very easy money transfer
No money transfer fees
Cannex five star rating

Cons

The introductory rate will revert to the Savings Maximiser standard variable rate after 4 months.

Terms & conditions

Before making any decision in relation to the Savings Maximiser you should read the Savings Maximiser Terms and Conditions booklet available at ingdirect.com.au