2 live products
ING
Best available rate
5.40%p.a.
Savings Accelerator
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
4.35%
Bonus
0.00%
Conditions
No monthly hoops
Finding the best rates…
Savings Accounts Comparison
Bank One
ING
Best available
Up to 5.40% p.a.
Line-up
2 live products
VS
ING vs Westpac
Compare ING and Westpac savings accounts side by side. In March 2026, ING offers 2 accounts with rates up to 5.40% p.a., while Westpac has 4 accounts reaching 5.25% p.a. ING currently leads by 0.15%.
VS
4 live products
Westpac
Best available rate
5.25%p.a.
Westpac Life (Under 35)
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
0.10%
Bonus
5.15%
Conditions
Bonus rules apply
Live edge
ING leads on headline savings rate by 0.15% p.a. right now. Use the feature table below to see whether that edge comes with extra conditions.
0.15% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | ING | Westpac |
|---|---|---|
| Max rate | 5.40% | 5.25% |
| Base rate | 4.35% | 0.10% |
| Bonus rate | 0.00% | 5.15% |
| Has conditions | No | Yes |
All ING Products
Every tracked savings accounts option from ING.
All Westpac Products
Every tracked savings accounts option from Westpac.
In March 2026, ING's Savings Accelerator offers up to 5.40% p.a., while Westpac's Westpac Life (Under 35) reaches 5.25% p.a. (0.10% base + 5.15% bonus). ING currently leads by 0.15% p.a.
ING offers its top rate unconditionally, while Westpac requires monthly conditions. ING's rate includes an introductory component for 4 months. ING's rate applies on balances up to $500,000.
ING has 2 savings products and Westpac has 4, giving you a range of options to compare.
Quick Comparison
| Feature | ING | Westpac |
|---|---|---|
| Max Rate | 5.40% | 5.25% |
| Base Rate | 4.35% | 0.10% |
| Bonus Rate | 0.00% | 5.15% |
| Conditions Required |
Common Questions
ING vs Westpac FAQs
Which bank has the better savings rate, ING or Westpac?
ING currently offers the higher rate at 5.40% p.a., compared to 5.25% p.a. Rates are sourced from live data and change frequently.
What is ING's best savings account rate in 2026?
ING's best savings rate is 5.40% p.a. on the Savings Accelerator.
What is Westpac's best savings account rate in 2026?
Westpac's best savings rate is 5.25% p.a. on the Westpac Life (Under 35), consisting of a 0.10% base rate and 5.15% bonus rate. This rate requires meeting monthly bonus conditions.
Do ING and Westpac savings accounts have conditions?
ING's top rate has no ongoing conditions, while Westpac requires meeting bonus conditions each month to earn the full advertised rate.