published 27 Jul 2026
ING marks a new chapter in savings with the launch of the ING Savings Booster
ING, Australia’s most recommended bank*, today announced the biggest change to its savings products in 18 years, launching the ING Savings Booster to make bonus interest easy to understand and deliver greater value for customers. The move is a direct response to changing customer expectations and evolving saving habits of Australians.
One simple monthly condition to earn bonus interest
ING Savings Booster is ING’s new flagship savings account that rewards customers with a bonus rate if they meet one, straightforward condition: growing their balance by $100 or more by the end of each month.
This makes it easy to understand what’s required to earn bonus interest.
“Savings is one of the most important products we offer customers, and ING Savings Booster represents the biggest evolution of our savings proposition in almost two decades,” says Jennifer Davies, ING Australia’s Head of Retail.
“As customer needs continue to evolve, we’ve taken the opportunity to rethink how our savings offering is structured. The result is a new product that combines competitive rates with a simpler approach to earning bonus interest.”
The new product offers three rate layers; a Welcome rate for new to ING savings customers, a bonus rate (called the Boost rate), and a Base rate. Customers can earn a return on their savings, regardless of their savings approach.
To open an ING Savings Booster, customers must have an active Orange Everyday account in the same name, or apply for one when opening their ING Savings Booster.
The ING Savings Booster rate structure
| For new to ING savings customers, for 4 months | After the first 4 months, or if customers are not new to ING savings |
| Earn up to 6.00% p.a. (variable). Includes: Welcome rate of 0.60% p.a. for the first four months on balances up to $500K. Boost rate of 3.15% p.a. on balances up to $500K when you grow your balance by $100 or more each month (excluding interest). Base rate of 2.25% p.a. on balances up to $2 million | Earn up to 5.40% p.a. (variable). Includes: Boost rate of 3.15% p.a. on balances up to $500K when you grow your balance by $100 or more each month (excluding interest). Base rate of 2.25% p.a. on balances up to $2 million |
Saving is a mindset, not just a goal
According to ING’s Sense of Us 2026 report, despite financial pressures felt by Australians, 45% of those surveyed said saving money remains the number one financial goal for them in 2026**.
“When it comes to saving, customer expectations are constantly shifting, and we recognise that people are looking for products that fit more seamlessly into their daily lives,” says Jennifer Davies, ING Australia’s Head of Retail.
“ING Savings Booster was designed to give customers another way to grow their savings, and to make it easier for customers to get value from their savings while giving them more choice in how they manage their money.
“For us, it’s about giving customers more choice and creating a savings experience that better reflects how Australians save today.”
The ING Savings Booster is available for new and existing customers from today and now sits alongside ING’s broader portfolio of online savings products – Savings Maximiser, Savings Accelerator and Personal Term Deposits.
Customers should visit the ING website for full details about the ING Savings Booster and eligibility criteria. Information and interest rates are current as at the date of this publication and subject to change.
Notes to editors
ING Savings Booster
An active and unrestricted Orange Everyday held in the same name(s) as the Savings Booster is required. The ING Savings Booster is available through the new ING app (‘Do your thing’ in Google and iOS app stores) and online banking.
You can only make withdrawals from your ING Savings Booster to another ING account you hold (individually or jointly with another person) that is enabled to receive funds from your Savings Booster (such as an Orange Everyday account)
- Customers cannot hold more than one Savings Booster account in the same name.
- The combined total deposits in all your Savings Booster account(s) shouldn’t exceed $5 million, whether account(s) are in individual or joint name(s).
- Current rates and eligibility criteria are set out in the Savings Booster Rates Schedule.
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 Savings Booster or Orange Everyday you should read the Savings Booster Terms and Conditions and Savings Booster [Rates Schedule], the Orange Everyday Terms and Conditions booklet and Everyday Banking Fees & Limits Schedule, and the product Target Market Determinations. To view these documents you may need Adobe Acrobat. Products are issued by ING, a business name of ING Bank (Australia) Limited ABN 24 000 893 292, AFSL and Australian Credit Licence 229823.
Products are issued by ING, a business name of ING Bank (Australia) Limited ABN 24 000 893 292, AFSL and Australian Credit Licence 229823.
**Sense of Us 2026
ING’s The Sense of Us Report is an annual national survey conducted every three years, that aims to understand Aussie’s modern money habits.
The Sense of Us study answers what Aussies care about; their goals, challenges, habits and quirks – in relation to their money mastery.
Survey Dates & Sample Sizes:
- 2021 Report: Conducted in February 2021, comprising a sample of 1,054 Australians aged 18 years and older.
- 2023 Report: Conducted in March 2023, sampling 2,073 Australians aged 18 years and older.
- 2026 Report (Part 1): Conducted online between February 26th and March 11th, 2026, with a nationally representative sample of 2,045 Australians aged 18 years and older.
- 2026 Report (Part 2): Conducted online between April 10th and 20th, 2026, with a nationally representative sample of 2,075 Australians aged 18 years and older.
These studies were conducted online by YouGov, utilising nationally representative samples of Australians aged 18 years and older.
About ING
*ING is Australia’s #1 bank 2026, awarded by Forbes and Australia’s most recommended bank according to RFI Global’s Consumer Atlas Survey, July – December 2025 (n = 29,246) when compared to customers of the 10 largest ADIs operating in Australia amongst AFR customers. ING is Australia’s fifth largest main financial institution (MFI) with 5% market share according to RFI Global’s Consumer Atlas Survey, July – December 2025 (n = 29,246). MFI is defined as the bank that the consumer says is their main financial institution.
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All information in the ING Newsroom is accurate at the time of publication.