ING - Terms and Conditions - Australia Post
ING - Terms and Conditions - Australia Post
ING - Terms and Conditions - Australia Post
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3. It’s all<br />
Interest<br />
adding up<br />
<br />
<br />
<br />
Interest<br />
How we calculate interest<br />
Tax implications, Tax File Numbers <strong>and</strong><br />
Withholding Tax<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Loyalty Bonus<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
How we calculate interest<br />
<strong>Terms</strong> of one year or less<br />
<br />
<br />
<br />
<br />
<br />
<br />
Daily balance x interest rate (as a percentage)<br />
<br />
365<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Early Termination – terms of one year or less<br />
<br />
<br />
<br />
<br />
<br />
Type of Term<br />
Term – if you selected<br />
your own maturity date<br />
St<strong>and</strong>ard<br />
Term<br />
<br />
Interest<br />
rate<br />
reduction<br />
Less than 64 Days 30 Day 0.25% p.a.<br />
65 - 99 Days 90 Day 0.50% p.a.<br />
100 - 149 Days 120 Day 0.75% p.a.<br />
150 - 199 Days 180 Day 0.75% p.a.<br />
200 - 249 Days 210 Day 1.00% p.a.<br />
250 - 299 Days 270 Day 1.00% p.a.<br />
300 - 349 Days 330 Day 1.00% p.a.<br />
350 - 365 Days 1 Year 1.00% p.a.
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