Last updated: July 2026

ING vs Macquarie Bank Term Deposits

Side-by-side rate comparison across all available terms. Rates are pulled live from both banks daily — no hardcoded figures.

ING wins

terms

Macquarie Bank wins

terms

Rate Comparison by Term

Term	ING	Macquarie Bank	Better rate
3mo	5.05% ✓ At maturity	5.00% Quarterly	ING (+0.05%)
6mo	5.20% ✓ At maturity	5.10% Semi-annually	ING (+0.10%)
1yr	5.30% ✓ At maturity	5.20% At maturity	ING (+0.10%)
2yr	4.70% ✓ At maturity	2.00% At maturity	ING (+2.70%)
3yr	Not offered	2.00% At maturity	Macquarie Bank (only option)
5yr	Not offered	2.00% At maturity	Macquarie Bank (only option)

Rates current as of 19 July 2026.

Biggest gap: 2yr. ING leads by 2.70% (4.70% vs 2.00%). For terms of 2yr and beyond, ING holds a consistent advantage.

Challenger

Best rate: 5.30% p.a. (1yr, At maturity)

4 terms available · Min. $10k

Neo

Best rate: 5.20% p.a. (1yr, At maturity)

6 terms available · Min. $5k

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