ING Direct Savings Maximiser Savings Account

ING Direct’s Savings Maximise is a great product from the Dutch bank if you are looking to save some money.

Summary of the Savings Maximiser, you get:

• A very attractive 4.85% interest calculated daily and paid monthly.
• No fees from ING Direct for the life of the account and no government fees or charges.
• Completely paperless dealings with ING from application to withdrawal.
• A very friendly customer service centre, operating 24 hours a day, seven days a week within Australia, keeping more jobs in the country.
• A link from any existing personal bank account in Australia.
• Your dreams to come true when you reach your savings goal.

Savings Account	Account Details	Intro Rate p.a.	Variable Rate p.a.	Intro Period p.a.	Fees	Min Balance and Min Deposit
ING Direct Saver	With an interest rate of 4.85%, you’ll reach your savings goals faster	4.85%	4.50%	1.35%	FREE	$1

• No ING DIRECT Fees, no hidden catches!
• No fixed term or minimum account balance
• Secure Banking Environment
• Savings up to $1 million will be guaranteed by the Australian Government for free until 12 October 2011.

Click to Open an account online now and start earning interest with the ING DIRECT Savings Maximiser

Setting up a savings plan is easy – sticking to it can be hard. That’s where the ING Direct Savings Maximiser account comes in as it’s both easy to set up, and easy to stick to, ensuring you meet your savings target and fulfil the dream you’re saving up for, whatever it may be.

The Savings Maximiser is ING’s most popular high interest savings account with over one million Australians already taking advantage of its benefits. The ING Direct Savings Maximiser allows you to be in total control of your savings plan, and can be set up in less than ten minutes online or over the phone, 24 hours a day, seven days a week – it doesn’t get much easier than that.

Is the ING Savings Maximiser Right For You?

Everyone wants to make the most of their savings, not to mention responsible saving is a lifelong skill, but with differing lifestyles, financial situations, income schedules and commitments, this ING savings account may not be right for you, right now.

The Savings Maximiser is right for you if:

• You have a specific savings goal in mind, or a deadline for your funds; for example saving for your wedding day, an overseas holiday or your daughter’s 21^st birthday party make great goals for your Savings Maximiser.
• You don’t want to be locked into a term deposit in case you need access to your saved funds in an emergency.
• You are young; anyone over the age of 13 can open a Savings Maximiser, making it more flexible and accepting than a long term deposit, or investments in shares.
• You’re tech-savvy; all interactions with ING can be conducted online or over the phone, there doesn’t have to be any paperwork in your application and you don’t ever have to trek to a branch.
• You want an enforced savings plan, but still want to be in control; you can choose when, how and how much money is added or removed from your Savings Maximiser depending on your spending habits – only you know whether you’re diligent enough to make regular deposits, or if you need to set up a direct debit on payday.

The Savings Maximiser isn’t right for you if:

• You need personalised budgeting and saving advice because you’re struggling with your financial commitments.
• You’re looking for high risk, high return investments; you won’t be involved in the day-to-day management and placement of your investment in a Savings Maximiser, all that is done for you.
• You want to lock in your interest rate for several years to come; ING reviews the interest rate paid to Savings Maximiser customers on 31 January 2010 and bases their new Savings Maximiser interest rate on their standard variable rate (SVR), which may go up or down depending on the economy.

Open an ING Direct Savings Maximiser

The ING Direct Savings Maximiser account can link to any personal bank account you already have, so to complete the application is as simple as filling in your BSB and account number, providing your tax file number to ensure interest isn’t withheld, entering your driver’s license number and your personal details and you’re ready to start saving. Your account is activated when you make your first deposit online, or by posting a cheque to ING Direct.

Set Up Your Savings Maximiser to Suit Your Needs

When you set up your Savings Maximiser you will be asked whether you want to only be able to transfer money into your ING savings account, or both into and out of the account. This allows you to remove all temptation if you know you can’t be trusted to leave your money in your ING high interest savings account until you’ve reached your goal of a house deposit or wedding dress funds.

You also have the option to set up a direct debit from your everyday account to your Savings Maximiser. As your chosen amount can be moved to your high interest savings account on payday before you miss it, you’re ensuring you pay yourself first – advice you’ll hear from any good financial advisor. During the online application process you will even be asked twice whether you want to set up a direct debit, as ING want to ensure you get the most out of your savings plan.

The ING Direct Savings Maximiser also allows you to customise your account so you can really visualise your goals; naming your account ‘swimming pool’ ‘flat screen TV’ or ‘European honeymoon’ could just be the extra motivation you need to transfer that spare $20 to your high interest savings account, rather than opting for takeaway tonight. You can also create up to nine different Savings Maximiser accounts to keep your goals in order.

Benefits of the ING Direct Savings Maximiser

ING Direct don’t have any fees for their Savings Maximiser account and it doesn’t attract any government charges, not on opening the account, not when you transfer your savings and not when it comes time to withdraw your funds either. All you have to do is check with your existing financial institution about their withdrawal fees.

Choose an ING High Interest Savings Account

Depending on the financial institution you are transferring from, your funds will arrive in your Savings Maximiser within a few hours, or at the most one to two days later, so you can see your savings increase before your eyes. While the interest rate offered on the ING Direct Savings Maximiser is not as attractive as one you’ll find with a term deposit, an ING savings account gives you the freedom to transfer funds in and out without being penalised or locked into contracts if an emergency arises.

There is also no minimum balance required and anyone over the age of 13 can have their own Savings Maximiser; this is where the ability to only transfer funds in can be beneficial as mum and dad can give their kids the freedom of an online account, while knowing they are saving for the future, and exercising financial independence.

The interest rate on your Savings Maximiser is not locked in at 5% for the long term, as ING plans to review the account interest rate at the end of January 2010. However ING is passionate about enforcing positive savings habits for all Australians and makes you feel confident that you’ll always be earning a good deal more interest than you would in an everyday account. Plus you don’t have to worry about your balance being eaten away by fees, because there aren’t any. It’s also the thoughtful little details like being able to choose your own access code on creating the account and having your account numbers emailed to you for safe keeping, not to mention access to a 24/7 Australian based contact centre, which make the ten minutes to activate your Savings Maximiser time well spent.

So why not grab your account details and sign up for an ING Direct Savings Maximiser account now. Signing up now won’t cost you a cent, but it is sure to help you on the way to financial security.

Click to Open an account online now and start earning interest with the ING DIRECT Savings Maximiser