The Juice - from ING DIRECT

WELCOME BACK

Welcome to our latest issue of The Juice. This month we take a look at the ING Group around the world, we explore the phenomenon that is Billy Connolly and update you on the Snubfin Dolphin project.

Don't miss our inflated Savings Maximiser rate Vic Wolff
Right now you have an opportunity to expand your savings
at our highly inflated Savings Maximiser promotional rate.
We've also increased our standard variable rate from
6.90% p.a to 7.00% p.a effective from 23 June 2008.

Enjoy this issue!

Vic Wolff
Executive Director, Marketing and Communications

Millions of reasons to save your
money with us

In these days of global financial uncertainty, it's reassuring to know that the organisation looking after your money is part of ING GROUP, one of the largest and most successful financial institutions in the world.

ING Group offers banking, insurance and asset management to more than 60 million clients in over 50 countries.

As part of the ING GROUP, ING DIRECT is the world's largest direct bank. In Australia we're the sixth largest retail bank, with Standard and Poor's AA credit rating - the same as Commonwealth Bank, NAB, Westpac and ANZ.

Our 1.2 million ING DIRECT customers in Australia can count on us for safety, stability and excellent value banking.

8.00% p.a. promotional variable interest rate on eligible deposits from 23 June until 30 September 2008

We've inflated our Savings Maximiser promotional variable rate from 7.90% p.a. to 8.00% p.a. effective 23 June 2008 which you can earn on any eligible deposits you make until 30 September 2008.

Just log into your account by opening a new browser window and typing ingdirect.com.au or call us on 133 464 any time you like.

Promotional rate paid only on the eligible deposits above your 24 April 2008 account balance. The promotional rate is current as at 23 June 2008 and subject to change. At the end of the promotional period the rate will revert to the standard variable rate applicable to your account at the time.

ING Foundation joins United Way to host Community BBQ

On 30 April 2008, as part of the ING Foundation volunteering program, 20 ING DIRECT staff hosted a community BBQ for disadvantaged and homeless families in Sydney's inner city suburb of Woolloomooloo. Volunteers prepared, cooked and served food and engaged kids in activities such as basketball, tennis, face painting and more. The Community BBQ, organised by United Way Sydney, aims to bring a sense of community to financially or socially disadvantaged people and families living in public housing areas. It was an incredibly positive afternoon for families in this area.

Get Hot Term Deposit
Rates Hot Off The Press

Our personal Term Deposit rates are among the hottest around, and now you can be the first to take advantage. Just register by opening a new browser window and typing ingdirect.com.au/hottermdeposits to receive fortnightly emails - compare with your bank and then strike when the rate is hot!

$5 BILLION
and counting

Since opening our doors in
Australia in 1999, ING DIRECT
has paid out more than $5 billion
in interest to our customers. We reached the $5 billion mark
on 30 April 2008.

Billy Connolly - the man behind our brand

Irreverent, cheeky, and irrepressibly honest, Billy Connolly has been the face of ING advertising in Australia for almost eight years now, and last year he made his first appearance in ING DIRECT's advertising. So, what is it that makes Billy such a great face for our brand?

We think it's because Billy embodies what the ING DIRECT brand stands for - namely, fairness. He represents the voice of a no-nonsense customer. His humour and honesty combined with
ING DIRECT's customer-friendly products and services have helped create one of Australia's most well-liked brands.

In our advertising, the emphasis is on dialogue. That's why we usually film Billy in a simple setting talking about his observation and what ING DIRECT can offer. This format helps us highlight the difference of our offering and the simplicity of our products. When in the studio, we film just him. The background set is dropped in afterwards.

The effect is eye-catching, humorous and memorable. Just like the man himself, really. Keep an eye out for our commercials featuring Billy, which are on TV at the moment.

Just like receiving statements online, there are lots of easy things you can do to save money - and the planet.

Consider using timers to keep your lights and heating off when you're not home.
Drink tap water - bottled water costs roughly 4,000 times more to produce.
Don't overload the dryer when drying clothes - it's less efficient - and don't overdry clothes, use a cool - down cycle whenever possible.
Drive a little slower - you'll improve your mileage and reduce emissions at the same time.

In April we asked you to come up with your most imaginative new Savings Maximiser account names.
Our favourites were:

England or elsewhere
The Dream Bike Fund
Roof over my Noggin

Congratulations to Skye, Jo-Anne and Shannon who've each won $100 in Bonus Interest. We'll be offering the same prize for new account openings in July.*

Be careful out there - protecting your personal information online.

On the internet, think twice before giving personal information like your date of birth and mother's maiden name. When visiting websites such as Facebook and MySpace, keep in mind that the information you publish may be accessible to anyone on the internet.

Snubfin Dolphin
Project Update

As you may know, ING DIRECT is supporting a World Wildlife Fund (WWF) project in Northern Australia to help understand more about the very rare Snubfin, its habitat, feeding and breeding habits.

So far only four Snubbies have been observed, although the project is still only in its second month.

ING DIRECT contributed $50,000 toward the research boat for the project. We have also made an additional donation of $50,000 and we'll be making another donation at the end of the year. Every customer that opts for e-statements generates a $2 contribution to the project from ING DIRECT. Thanks to environmentally-minded customers like you (which is about half of all our customers) we have made a significant contribution to this cause and prevented tonnes of waste paper.

Learn more about the research project and how to make a personal donation by opening a new browser window and typing snubfin.ingdirect.com.au/info

Savings Ravings

When we asked you all to send in your saving tips, we weren't prepared for the amazing response we would get! Saving is obviously close to all our hearts and it was great to read your ideas for successful saving. One of our favourites - "Budget Buddies" from Savings Maximiser customer Dorothy, wins our $100 Bonus Interest prize.

Her idea for joining forces with friends and colleagues to encourage and help each other reach saving goals was inspired. For example, Dorothy recommends exchanging saving tips and tapping into each buddy's strengths. One may be able to cook economical meals. Another might have contacts in retail, enabling saving on necessary purchases. As Dorothy said: "With a Budget Buddy, saving isn't a lonely road." Keep your ideas coming!*

At ING DIRECT it's never been easier to apply for a home loan. You can apply online* by opening a new browser window and typing ingdirect.com.au or give us a call on 1800 335 592. Either way you'll have an ING DIRECT mortgage specialist to help you through the application process from beginning to end.

All applications for credit are subject to ING DIRECT credit approval criteria.
*Only ING DIRECT Mortgage Simplifier and
Rate home loans can be applied for online.

Don't be a stranger
If you have something you'd like to share with us and other ING DIRECT customers, email us at juice@ingdirect.com.au with your experiences or saving tips. We'll do our best to publish your thoughts in future editions of The Juice.

By the way

From 1 July 2008 the new tax scales come into effect with changes to personal income tax thresholds. In particular, the 30% threshold is increasing from $31,001 - $34,001.

Personal tax rates & threshold:

$0 - $6,000 0%
$6,001 - $34,000 15%
$34,001 - $80,000 30%
$80,001 - $180,000 40%
$180,001 + 45%

Why not turn your extra money into extra savings by adjusting your Automatic Savings Plan upwards? For more details, open a new browser window and typing ingdirect.com.au

This information does not constitute tax advice and we recommend you seek your own tax advice where appropriate.

Important Information

Information is current as at 11/07/08 and is subject to change. *A tax liability may exist in conjunction with prize winning. The most creative entry or entries from each competition will be judged by a member of the ING DIRECT marketing team and the winners will be named in the next issue of The Juice. The judge's decision is final and no correspondence will be entered into. Advice in this newsletter concerning ING DIRECT Savings Maximiser, Term Deposits and Mortgages does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Before making any decision in relation to an ING DIRECT Savings Maximiser, a Term Deposit or Mortgage, you should read the relevant Terms and Conditions booklet, available free of charge by visiting our website or by calling 133 464. The ING DIRECT Savings Maximiser, Term Deposits and Mortgages are issued by ING DIRECT, a division of ING Bank (Australia) Limited ABN 24 000 893 292. The interest rates that apply to ING DIRECT Term Deposits are the interest rates that are current on the date the Term Deposit is opened. Rates are subject to change.