Website: http://www.ingdirect.com.au

Authority: ING Direct Australia is a major australian online retail bank. It began operating in Australia in 1999 and is a wholly owned subsidiary of the ING group (3rd largest savings bank in the world - McKinsey 2007). The ING group was founded in the Netherlands in 1991 by the mergers between NMB Postbank Group and Nationale-Nederlanden, with its historical roots being traced back through Netherland insurers and public banks in the 1800s.

How to open an ING Term Deposit Account:

You can apply online directly at http://www.ingdirect.com.au 

You can download an application form from the http://www.ingdirect.com.au 

For further information you can call them  1800 024 141 24 hours, 7 days a week

Information on ING Direct 1 Year Term Deposit Rates:

Similar to other banks, ING Direct rates for its term deposits depend on many factors including economic forecasts, banking margins as well as policy decisions of the Reserve Bank of Australia when setting their 1 year term deposit rates, the decisions by the RBA especially are highly influencial on whether the bank decides to raise or lower rates. 

The Interest Rates for this 12 month / 1 year term product requires a minimum deposit of $10,000.