ING vs Macquarie savings accounts
ING may suit disciplined savers who can meet monthly deposit, card spend, and balance-growth rules, while Macquarie may suit people who want a simpler savings account with fewer monthly hoops.
By Savings Planner · Guide updated 22 Sept 2026 · Rates checked
See the key differences
As of 14 Oct 2026, ING Savings Maximiser advertises 5.75% p.a. (up to $100,000), which requires you to deposit at least $1,000 each month and make at least 5 card purchases each month and finish the month with a higher balance than you started with, while Macquarie Macquarie Savings Account advertises 5.00% p.a. (no monthly conditions; first $2,000,000).
| Comparison point | ING | Macquarie |
|---|---|---|
| Product | Savings Maximiser | Macquarie Savings Account |
| Advertised rate | 5.75% p.a. | Up to 5.00% p.a. |
| Intro offer | None shown | None shown |
| Ongoing rate | 5.75% p.a. | Up to 5.00% p.a. |
| How to earn the best rate | Deposit at least $1,000 each month. + more | No monthly conditions. |
| Linked account needed | Requires a linked Orange Everyday account. | Requires a linked Macquarie Transaction Account account. |
| Withdrawal restriction | None shown | None shown |
| Age limits | None shown | None shown |
| No hoops | No | No |
| Other notes | Conditions are assessed on a calendar-month basis. + more | None shown |
When ING may suit you better
ING may be the better fit if you already use or are willing to use the linked Orange Everyday account and can reliably complete the monthly behaviour needed for the bonus rate.
The trade-off is discipline. The Savings Maximiser can look strong when all bonus rules are met, but the account is less forgiving if you miss the deposit, card-spend, or balance-growth requirements.
When Macquarie may suit you better
Macquarie may be the cleaner fit if you value lower-maintenance saving, want fewer monthly actions to remember, or dislike accounts where one missed rule changes the return.
Its welcome-rate structure still needs checking, especially if you are a new customer or have a larger balance, but the ongoing setup is easier to understand than a multi-condition bonus saver.
Other comparisons with ING or Macquarie
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We use the current Savings Planner product dataset to compare savings accounts by rate model, eligibility rules, bonus conditions, balance caps, intro periods, and projected interest where the page uses a calculated scenario.
Rates last checked: .
This guide is general information only and is not personal financial advice. Check the official bank page before acting, especially if the rate, conditions, or eligibility rules matter to your decision.
For independent background, see Moneysmart on savings accounts and the government's Financial Claims Scheme, which protects deposits up to $250,000 per account holder per bank.