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The Bar For non Automotive Related Chat |
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#1 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 1,710
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I have some thousands, and rather than buy a new Porsche Boxster (haha), will put it in the bank for a few months before I start drawing on it for stages of a new house, maybe 2 to 5 montsh before I need to start. Am with Commbank, and they give you 2.5% interest! I am not wanting to do a term deposit, but found Bankwest give you 4.2% for the first 6 months and you can take it back out whenever you want it. So will do that.
The dumb thing is though, Commbank owns BankWest, and I am with Commbank, so I asked can you just match it rather than having me have to open more accounts and then scrap them after 6 months or so and they wont... Any other ok rates anyone has with banks that seem 100% not going to go broke? |
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#2 | ||
YE-US! Wait. I don't know
Join Date: May 2010
Location: in the turkey...
Posts: 940
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Rams is good if you put $200 in and don't withdraw anything each month. Gives me somewhat an incentive to save anyway. Can't remember what I get, I think it's around 4%
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"Well. Apparently you're looking for a lion-snake named Harriet." Daily: '06 BF XL Ute,Shockwave Blue, Column Shift, eGas BEAST.
Gone: 77 HZ panel van, 253, column. The Weekender: '06 BF Pursuit, Toxic, lumpy af |
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#3 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
Use www.ratecity.com.au to find a great rate. Heaps of accounts hovering around the 4% mark if you leave your cash in there for a few months minimum. Some banks will match, some don't bother. Depends on the size of the business and the customer's history. Same with mortgages, many of the discount providers are owned by the 'big 4' but they are separate business models so they are not 'apples for apples', even though they may be owned by the same mob at the top.
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___________________________ I've been around the world a couple of times or maybe more....... |
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2 users like this post: |
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#4 | ||
FF.Com.Au Hardcore
Join Date: Oct 2005
Location: Rowville Vic
Posts: 692
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Try Rabo, seem to give good rates and Gov Guarantee.
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#5 | |||
FF.Com.Au Hardcore
Join Date: Jun 2010
Posts: 2,276
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Quote:
Any bank can go broke, they're all underpinned by the same system.
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FG XR6 Turbo (Manual) - 301rwkws @ 15psi ---------- Rapid Systems Intercooler & Battery Relocation - ID 1000 Injectors - Process West Surge Tank - Venom 100 Cell Bolt On Cat - XForce 3.5 inch Catback - Plazmaman 4 inch Turboside Intake - Crow HD Valve Springs - Glowshift Gauges (Oil temp, Oil Pressure, Boost, Volt) - Malwood Opt 5 - XR50 Interior - FG2 Limited Ed 19's - Nitto Invo's |
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#6 | ||
FG G6ET
Join Date: Dec 2006
Location: Wesside
Posts: 253
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https://www.commbank.com.au/personal...oal-saver.html
Assuming you want to stay with comm bank, 3.91% with a goal saver
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2009 FG G6E Turbo |
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#7 | ||
Wirlankarra yanama
Join Date: May 2006
Location: God's Country
Posts: 2,103
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ING, BoQ and others offer +4% for the first 6 months. I have opened and closed accounts every 6 months for the past 3 years chasing good safe returns for my SMSF. I'm running out of banks
![]() Last edited by cheap; 07-04-2014 at 11:21 PM. |
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#8 | ||
Regular Member
Join Date: Jan 2005
Location: Melbourne
Posts: 157
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#9 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
LOL @ the ABS info ![]()
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___________________________ I've been around the world a couple of times or maybe more....... |
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#10 | ||
YE-US! Wait. I don't know
Join Date: May 2010
Location: in the turkey...
Posts: 940
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I like how that fails to mention that most of those tatts are introductory offers to new customers only. After six months, you're just going back down again unless you have an account that does bonus interest if you deposit a set amount and don't withdraw anything.
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"Well. Apparently you're looking for a lion-snake named Harriet." Daily: '06 BF XL Ute,Shockwave Blue, Column Shift, eGas BEAST.
Gone: 77 HZ panel van, 253, column. The Weekender: '06 BF Pursuit, Toxic, lumpy af |
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#12 | ||
Donating Member
![]() Join Date: Mar 2007
Location: Heading thru Hell (Corner)
Posts: 8,219
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If you are a member of an eligible super fund, you could always give ME Bank a go. Not the best rate out there, but their fee structure is very reasonable.
Super Members Term Deposit and Standard Term Deposit Term Interest rate 1 month 3.50% p.a. 2 months 3.60% p.a. 3 months 3.70% p.a. 4 months 3.80% p.a. 5 months 4.00% p.a. 6 months 3.80% p.a. 7 months 3.80% p.a. 8 months 3.80% p.a. 9 months 3.80% p.a. 10 months 3.80% p.a. 11 months 3.80% p.a. 12 months 3.90% p.a. 13 months 3.90% p.a. 14 months 3.90% p.a. 15 months 3.90% p.a. 16 months 3.90% p.a. 17 months 3.90% p.a. 18 months 3.90% p.a. 19 months 3.90% p.a. 20 months 3.90% p.a. 21 months 3.90% p.a. 22 months 3.90% p.a. 23 months 3.90% p.a. 24 months 4.10% p.a. mebank.com.au for more info...... Craig H
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Labels are for jars, not for people. Life is a journey, not a destination. ~~~~~~~~~~~~~~ Daily: 2013 FGII EcoLPi in Winter White Play: 2015 FG X XR8 in Emperor Show' N Shine thread Gone, but not forgotten: 2015 SZII petrol Titanium Territory in Emperor |
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#13 | ||
BANNED
Join Date: Jul 2012
Posts: 2,886
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4% with anz online account at the moment.
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#14 | ||
If it ain't broke........
![]() Join Date: Dec 2007
Location: Sunshine Coast Qld
Posts: 18,591
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Suncorp at 3.8%. I feel for the self funded retiree's out there......
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Visitors welcome Relatives by appointment only |
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#15 | ||
Regular Member
Join Date: Jul 2008
Posts: 338
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Looks like you are doing well if you can get @ 4% at the moment.Best to shop around for best rate whether investing money or borrowing,and don't be afraid to walk if bank wont match the best rate.There will always be winners and losers when interest rates are low,just as there are winners and losers when they are high.I worked for NAB many years ago,and I can honestly say I witnessed some self funded retirees complain even when rates were at 17% plus.
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#16 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,252
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You also need to be careful if the 'deposit' is garuntee'd by the goverment or not.
You may earn a bit less for this but knowing it is governement backed makes you feel alot safer. |
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#17 | |||
FF.Com.Au Hardcore
Join Date: May 2009
Location: Central Tablelands. NSW
Posts: 894
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Quote:
Requires discipline and a spare $200 every month. I think with these strict conditions the CBA would be well in front with most customers.
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Don't try and teach a pig to sing, it just wastes your time and annoys the pig.
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