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Business Term Deposit

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Business Term Deposits

A high fixed interest rate for business savings. You choose the time frame.

Features

Why open a Business Term Deposit?

Competitive fixed interest rate

Get a high interest rate for the timeframe of your choice on deposits of $10,000 or more.

Be rewarded for saving

Renew at maturity for the same or a different term and you'll get a loyalty bonus on the interest rate available at that time.

Know your savings are guaranteed

Combined savings balances up to $250,000 per customer are guaranteed by the Australian Government.

Pay no ING DIRECT fees

With every cent deposited earning you interest with no fees, all your money gets the chance to grow.

Need help? Call our Australia-based customer care specialists 24/7 on 133 464.

Open a Business Term Deposit in minutes.

Interest rates and fees

No fees, great rates

Get competitive fixed interest rates on deposits of between $10,000 and $10 million.

Term
Interest Rates

30 day rate

2.50

90 day rate

3.40

120 day rate

3.40

180 day rate

3.70

210 day rate

3.50

270 day rate

3.50

330 day rate

3.70

1 year rate

3.80

2 year rate

4.00

Loyalty bonus

By renewing your term deposit you get a Loyalty bonus - a non-cumulative add-on to the standard Business Term Deposit interest rate applicable at renewal.

+0.10

Need help? Call our Australia-based customer care specialists 24/7 on 133 464.

Open a Business Term Deposit in minutes.

FAQs

Got a question about Business Term Deposits?

Chances are, you'll find the answer in our FAQs.

Here are some of the more common questions we get asked:

Need help? Call our Australia-based customer care specialists 24/7 on 133 464.

Open a Business Term Deposit in minutes.

How to get started

Put your Business Term Deposit to work

1. Open your term deposit
2. Choose your maturity option
3. Renew for bonus interest
1. Open your term deposit

The fastest way to do this is online. Or call us 24/7 on 1800 651 252.

Sign up now

2. Choose your maturity option

Tell us what to do with your money when the term ends. You've got three options to choose from.

3. Renew for bonus interest

By renewing your term deposit you get a Loyalty bonus - a non-cumulative 0.10% add-on to the standard Business Term Deposit interest rate applicable at renewal.

When opening your account

To open a Business Term Deposit, you need a minimum deposit of $10,000.

You must be:

An account holder using the product for business purposes or with a Self-Managed Super Fund (SMSF)

An Australian resident for taxation purposes

Aged 18 years or over

You'll need to give us:

Business contact details

Personal and contact details for all trustees and authorised users

Business bank account details (to link to your Business Term Deposit)

An Australian Business Number (ABN), Tax File Number (TFN) or exemption code (otherwise tax is deducted at the highest marginal rate)

Copies of relevant documents to verify your entity type (if unsure, use this profiling tool to confirm your entity)

An existing Client Number (if you're already with ING DIRECT)

Need help? Call our Australia-based customer care specialists 24/7 on 133 464.

Open a Business Term Deposit in minutes.