Interest Rates
- Thread starter Largesse
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My anz still at 4.35% you realise you need to keep re opening the online savings accounts every 3 months to get the bonus rate which am mounts to 4.35 at this time
Thanks ATG but surely you don't mean closing the OLS a/c and then re-opening it every 3 months? Or maybe you do....
I just phoned ANZ and was told I would need to speak to an accounts manager during normal working hours. I need to see my ANZ business manager anyway so will raise this with him early next week.
Many thanks for the observation.
Julia
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Rick, your post may have crossed with mine giving you the link to Infochoice.
Against the grain is correct, your online saver rate only applies for three or sometimes four months before dropping back to the base rate which you say is now 2.75%.
Here is the quote from Infochoice today:
Although they say 'if you apply by 7 July 2013, so that may not now be available. If it's not it should be removed from the Infochoice website.
You need to either close that a/c and open a new one, as againstthegrain suggests, or ask your bank contact to reapply the currently available online rate. Then remember to check in a few months to see if you're still getting the best available rate.
Let us know how you go.
Thanks Julia. I'll keep you informed. I imagine if I ask that they will do it... But I'll also tell them that I am annoyed at having to ask... Still, that's banks I guess.
Will send you a brief PM.
Julia
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Do you happen to know if it's available to SMSFs, stewie?
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doesn't look like it
we can thank the indebted for the financial repression now forced upon savers
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Who can apply?
You can apply for a RAMS Saver account if you:
are an individual, and do not hold the account as a trustee of a trust or a superannuation fund, or on behalf of a deceased estate (two account holders allowed)
are an Australian resident for taxation purposes with an Australian residential address
are 18 years of age or over and
hold a valid email address and Australian mobile number
Julia
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Thanks for that, sydboy. That's the case with several institutions, ie not available to SMSFs.
Appreciate your trouble in posting the details.
Appreciate your trouble in posting the details.
pixel
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This is the one I use: http://www.ratecity.com.au/term-deposits/search
But I also check the web pages of all the "usual suspects" from ANZ via BOQ and MacQ to Westpac.
Julia
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This raises an interesting anomaly. Several years ago when I was flicking through Infochoice, I noted the ANZ online saver advt. Went to the ANZ website separately and there was no sign of it.
Phoned my bank branch and they knew nothing about it.
Apparently a deal just available via the Infochoice (and probably similar comparison) site.
Crafty, aren't they: no advertising of an offer to what you'd imagine would be their regular customers, but covering the possibility of acquiring new customers via a competitive site.
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This behaviour really ticks me off. Can't companies get it through their heads that treating current customers well works out better for them in the long run than continually trying to drum up new business with great offers the current customer can't access
I think I'll stick to buying some AYF in 10K parcels - active management of various hybrids and currently offers 11.25c / qtr for a $6.38 purchase price with around 2.8c franking credits over the year. Yield is currently over 7% which in this financially repressed environment is a mighty fine yield.
Thanks Pixel. It seems some of these rates may just be "honeymoon" rates for a few months or so. My ANZ business manger offered me 3.6% variable on a Negotiated Account (which happens to be a SMSF a/c) - an increase from 3.45%. This will drop as soon as the RB drops rates.
He also offered to change our Online Saver a/c (which is not a Super a/c) into a separate Negotiator a/c at the same rate.
I suggested I put the money into ANZ bank shares and (I had to smile) he suggested the market may be too hazardous.
There's no point in shooting the messenger but I don't think it is too much to ask of the banks to let clients know when rates go down.....
Julia
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Rabodirect always do this. In addition, they're accessible, courteous, helpful and overall really customer friendly.
AFAIK they are still offering 4.76% for new money, Rick, though this rate might be new money for old customers. I'm not sure.
It's also available to SMSFs for those with that need.
Like all these offers, it's only available for about four months, and - unlike the ANZ's willingness to reapply the current online rate to an existing a/c, - Rabo don't do this.
Maybe give them a call on 1800 445 445 and ask what they can offer you.
I had to do a google for AFAIK Julia...... (Still struggling with +1 and considering a thread on +2.. And beyond)
Rabodriect sounds much more transparent (or at least open) than ANZ. What I don't want is the hassle of moving money around every few months for the sake of a percent or two.... There are so many things I'd rather do (and I suspect the banks know that)....
Anyway, I will have a look and thank you and others who have contributed.
Goodnight from WA.
Julia
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Yes, I agree it's a nuisance. However, if any institution makes it simple, it's Rabo. You just use one of your existing ANZ a/c to link and it's very straightforward.
( I might be approaching them for some commission soon, with such recommendations!)
Bill M
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ME BANK customers, check your online account. The 4.5% honeymoon for the last 12 Months is over. Mine is back down to only 2.9% yours will most probably be the same.
I have offloaded my whole balance into RAMS Saver 4.23% and UBANK 4.26%.
Anyone have any other better accounts? I'm not eligible for any promos with Rabo, Bankwest or ING.
yours will most probably be the same.I have offloaded my whole balance into RAMS Saver 4.23% and UBANK 4.26%.
Anyone have any other better accounts? I'm not eligible for any promos with Rabo, Bankwest or ING.
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ME BANK customers, check your online account. The 4.5% honeymoon for the last 12 Months is over. Mine is back down to only 2.9%
I have offloaded my whole balance into RAMS Saver 4.23% and UBANK 4.26%.
Anyone have any other better accounts? I'm not eligible for any promos with Rabo, Bankwest or ING.
Hey, thanks for the heads up. I just checked mine and it's still 4.5%, however, I can't remember when I opened it, so maybe I'm still within my 12 months.
