ING
A digital-only bank backed by global ING Group
Sydney, NSW17 Products TrackedRecently updated
5.40%
Best Savings Rate
4.80%
Best TD Rate
5.64%
Lowest Home Loan
17
Products Tracked
Government Deposit Guarantee (FCS)
Deposits up to $250,000 per account holder are protected under the Financial Claims Scheme.
About ING
ING is a digital-only bank operating in Australia, backed by the global ING Group headquartered in Amsterdam. ING's Australian operations are based in Sydney, NSW, and operate under ING Bank (Australia) Limited (ABN 24 000 893 292). ING has been operating in Australia since 1999.
ING is an Authorised Deposit-taking Institution (ADI) regulated by APRA and holds a standalone ADI licence. RatePilot tracks ING's savings accounts and home loans.
Deposits at ING are protected under the Financial Claims Scheme (FCS) up to $250,000 per account holder. As a standalone ADI, the FCS limit is not shared with any other banking brands.
Pros & Cons
✓ Strengths
- +Deposits protected under the Financial Claims Scheme (up to $250,000 per account holder)
- +Standalone ADI licence — no other brands share the FCS limit
- +Backed by ING Group, one of the world's largest financial services companies
- +No monthly account fees on the Orange Everyday linked with Savings Maximiser
✗ Considerations
- –No physical branches — all banking is online or via the app
- –No credit cards or term deposits tracked on RatePilot
Our Verdict
ING is a digital-only bank operating in Australia, backed by the global ING Group. It holds a standalone APRA-regulated ADI licence with FCS protection up to $250,000 per account holder — with no other brands sharing this limit. RatePilot tracks ING's savings accounts and home loans.
Last reviewed: 10 February 2026
Recent Rate Changes
No recent rate changes recorded for ING