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ING OneAnswer offers bonus interest

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By Vishal Teckchandani
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2 minute read

New investors to ING Australia's OneAnswer platform will have the opportunity to earn bonus interest with the ANZ Flexible Term Deposit Fund (FTDF).

New investors in ING's OneAnswer Pension, Personal Super and Investment Portfolio who place a new investment in the ANZ FTDF will be eligible for an additional 1 per cent a year interest on top of the standard interest rate declared for the fund.

The bonus interest offer period is six months, from 1 April to 30 September.

"In the current market investors are looking for security and also wanting a competitive return," ING Australia head of product and marketing for wealth management Mark Pankhurst said.

"Investors are particularly attracted to the ANZ Flexible Term Deposit as it is covered by the federal government's bank deposit guarantee as well as providing a bonus interest rate to new investors."

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The ANZ FTDF provided for no lock-in period, no preset maturity date and a forward crediting rate so investors knew the interest they would earn before the beginning of each month, Pankhurst said.