ING updates Personal Term Deposits (12 months) to 5.20%
ING has increased the rate on its Personal Term Deposits (12 months) term deposit by 30 basis points to 5.20% p.a., from a previous rate of 4.90%.
ING
Personal Term Deposits (12 months)
New Rate
5.20%
Illustrative Example
For illustrative purposes, a $50,000 term deposit at 5.20% p.a. would earn approximately $2,600 over 12 months. This change represents $150 more in interest per year.
Market Context
This rate of 5.20% is above the current market average of 4.89% across 31 tracked term deposit products. The current market leader offers 5.40%.
Notes
ING increased term deposit rate by 0.30% to 5.2%
⚠️ General information only
This comparison is for informational purposes only and does not constitute financial advice. Always verify current rates and eligibility directly with the provider before making decisions. Consider whether products are appropriate for your circumstances.