Term Deposits - Personal

How it Works

Best Ways to Make it Work for You

Once you've set up your Personal Term Deposit, you can forget about it until it matures.

When you apply, all you need to do is tell us what you would like to happen on maturity of your Personal Term Deposit (that's when the term of your deposit ends). Here are the options to choose from when you apply online or via a paper application:

Online Application

  • renewing your principal and interest for the same or a different standard term, or to a maturity date selected by you
  • renewing your principal only for the same or a different standard term, or to a maturity date selected by you, and having your interest credited to your linked bank account
  • closing your Personal Term Deposit

Apply at Australia Post Bank@Post locations

  • To open a single Personal Term Deposit download our Australia Post application form and take it into any Bank@Post outlet. Once opened, you can change your maturity options by logging into Online Banking

Send us an ING DIRECT Application Form

  • renewing your principal and interest for the same or a different standard term
  • closing your Personal Term Deposit

Loyalty Bonus - Be rewarded for renewing your Personal Term Deposit



If you choose to renew your Personal Term Deposit (for the same or a different term), at maturity we'll reward you with a Loyalty Bonus. The Loyalty Bonus is added to the standard Personal Term Deposit interest rate applicable at each renewal. The Loyalty Bonus is 0.10% p.a. and is not cumulative.

You can change your maturity instructions online or by calling us on 133 464 at least one business day before the maturity date.




Important InformationImportant Information

Any advice on this website 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 the Personal Term Deposits you should read the Personal Term Deposit Terms and Conditions booklet. To view this document you may need Adobe Acrobat. The Personal Term Deposits are issued by ING DIRECT, a division of ING Bank (Australia) Limited ABN 24 000 893 292 AFSL 229823.