ING Direct launches ‘pick-a-date’ option for term deposits
ING Direct has launched a new option for its term deposits, allowing customers to pick a date for the maturity of their investments at any time online.
New and existing customers can choose a maturity date between 30 and 365 days with the option to receive the interest earned at the end of the term and renew the original term deposit amount.
The innovation came as recent Canstar Cannex research found the personal term deposit market had grown by 112 per cent since 2007 — a growth of $114 billion. It currently makes up around 44 per cent of the personal deposit market.
AUTHOR
Milana Pokrajac
Recommended for you
Following an extraordinary general meeting today, Dixon Advisory parent company E&P Financial Group’s shareholders have voted on its proposed delisting from the ASX.
While overall financial adviser numbers have dipped below 15,500 this week, Rhombus Advisory is experiencing growth and approaching 500 advisers in its ranks.
Iress’ Xplan continues to dominate the financial planning software market with a multitude of uses, according to Netwealth research, despite newer players battling for a piece of the pie.
ASIC has shared the percentage of breach reports related to financial advice in FY24, noting increased reporting by smaller AFSLs.
