ING Bank (Australia) Limited - Company Research Report
Company Overview
Name: ING Bank (Australia) Limited
Mission of the company: ING aims to reinvent the way Australians bank by delivering simple, straightforward, and good value products.
When was the company founded and by whom: No information is available.
Key people in the company:
- Chief Executive Officer: Melanie Evans (appointed on 16 November 2020)
Where is the company headquartered: 60 Margaret Street, Sydney NSW 2000, Australia
Number of employees: No information is available.
Revenue of the company: No information is available.
What is the company known for: ING Bank (Australia) Limited is known for being the world's leading savings bank and for reimagining banking experiences by offering simple, straightforward financial products and services. ING is also known for its customer-centric approach, innovation in digital banking, and sustainability efforts.
Products
What products do they offer:
- Savings Accounts:
- Orange Everyday:
- Description: An everyday transaction account with no ING fees, competitive interest rates, and rewards for saving.
- Key Features: 1% cashback on eligible utility bills, unlimited rebates on ING International Transaction Fee, and ATM fee rebates.
- Savings Maximiser:
- Description: A high-interest savings account.
- Key Features: Earn up to % p.a. variable rate on balances up to $100,000 with monthly eligibility criteria.
- Business Optimiser:
- Description: A savings account for business clients.
- Key Features: Competitive interest rates for business savings.
- Credit Cards:
- Orange One Low Rate:
- Description: A low rate credit card.
- Key Features: Practical features like autopay and instalments.
- Orange One Rewards Platinum:
- Description: A rewards credit card.
- Key Features: 1% cashback on eligible purchases up to $30 per month, exclusive rewards.
- Personal Loans:
- ING Personal Loan:
- Description: A loan with a low fixed interest rate.
- Key Features: No early repayment fees and no ongoing fees.
- Home Loans:
- Orange Advantage:
- Description: A home loan with competitive rates and fee options.
- Key Features: 100% interest offset, competitive variable rates.
- Fixed Rate Loans:
- Description: Home loans with fixed interest rates.
- Key Features: Predictable repayments over the fixed period.
- Commercial Loans:
- Priority Commercial Loans
- Commercial Property Finance
- Insurance:
- Health Insurance: ING Health Insurance.
- Home and Contents Insurance: Up to 30% off the first year's base premium.
- Car Insurance: Competitive rates with up to 15% discount on policies.
- Pet Insurance: Up to 15% discount.
- Motorcycle Insurance: Up to 15% discount.
- Superannuation:
- Living Super: A superannuation product with varied investment options.
- SMSF Cash and SMSF Term Deposits: Self-managed super fund options.
Recent Developments
What are the recent developments in the company:
- ING has been awarded Canstar Bank of the Year for 2020 - 2023 to recognize its outstanding value across all products and services.
What are the new products launched: No information is available.
What are the new features added to the existing products:
- Orange One Rewards Platinum credit card now offers 1% cashback on eligible purchases up to $30 per month.
- Savings Maximiser features a potential variable interest rate on balances up to $100,000 if monthly criteria are met.
Any new partnerships: No information is available.
