I havn't dealt with Rabo, but going off what im reading here will look into it in the future. But in regards to Ubank, ive also had one or two underwhelming experiences with NAB, but can only say good things about Ubank. If they didnt tell me they were a part of NAB i wouldnt believe it, very much a completely different experience.
This is a mobile optimized page that loads fast, if you want to load the real page, click this text.
I havn't dealt with Rabo, but going off what im reading here will look into it in the future. But in regards to Ubank, ive also had one or two underwhelming experiences with NAB, but can only say good things about Ubank. If they didnt tell me they were a part of NAB i wouldnt believe it, very much a completely different experience.
I can't believe they are offering a REDUCED rate on higher amounts!
Apart from that, they are terrific to deal with, quick, efficient and responsive to any queries. Love the little device that gives you secure access to your savings.
If they up their rate I'll be back. Still have small amount keeping the a/c open.
I thought that (lower rates for higher amounts) was the standard across most bank interest bearing accounts ? or am i wrong ... ?
I know deposits dont change much as the dollars go higher but i thought the standard saver accounts have in general scaled back.
Hi Julia, as you know I was a big fan of Rabo Bank but as you say 6% just doesn't do it for me either. I jumped ship, have now opened up that online account with UBank, set up a $200 p/m auto saving plan and I will get 6.51% at call. As you say the service was good but over half a percent in interest rates is just too much to just let slip by. UBank are currently the best on call. Oh buy the way St George uped their 5 year term deposits to 7.2% a few weeks ago and now they dropped it to 7%. Rates are going up aren't they? What are they doing.
Rabobank
- Thread starter Julia
- Start date
I havn't dealt with Rabo, but going off what im reading here will look into it in the future. But in regards to Ubank, ive also had one or two underwhelming experiences with NAB, but can only say good things about Ubank. If they didnt tell me they were a part of NAB i wouldnt believe it, very much a completely different experience.
Julia
In Memoriam
- Joined
- 10 May 2005
- Posts
- 16,986
- Reactions
- 1,973
I was happy to use them while they were offering 6.4% but when they dropped the rate to just 6% and when that only applied on funds up to $200K, then FALLING to I think 5.4%, I took my funds out. Better offers elsewhere.
I can't believe they are offering a REDUCED rate on higher amounts!
Apart from that, they are terrific to deal with, quick, efficient and responsive to any queries. Love the little device that gives you secure access to your savings.
If they up their rate I'll be back. Still have small amount keeping the a/c open.
I thought that (lower rates for higher amounts) was the standard across most bank interest bearing accounts ? or am i wrong ... ?
I know deposits dont change much as the dollars go higher but i thought the standard saver accounts have in general scaled back.
Bill M
Self Funded Retiree
- Joined
- 4 January 2008
- Posts
- 2,132
- Reactions
- 740
Hi Julia, as you know I was a big fan of Rabo Bank but as you say 6% just doesn't do it for me either. I jumped ship, have now opened up that online account with UBank, set up a $200 p/m auto saving plan and I will get 6.51% at call. As you say the service was good but over half a percent in interest rates is just too much to just let slip by. UBank are currently the best on call. Oh buy the way St George uped their 5 year term deposits to 7.2% a few weeks ago and now they dropped it to 7%. Rates are going up aren't they? What are they doing.
- Joined
- 25 September 2007
- Posts
- 1,712
- Reactions
- 13
I am ruthless. I ring them and give them 48hrs to match another offer.
If they do not I close the entire account.
Moved to ING at 6.4%
I am also very wary of offers that drop you back if you make any withdrawls, ie to do a trade..Rabo falls into this category unfortunately.
I partially keep cash so I can trade.
As Bill M would know, much better rates on various Corporate debt
MXUPA and SVWPA both paying over 11%, few clicks of a button to buy or sell
If they do not I close the entire account.
Moved to ING at 6.4%
I am also very wary of offers that drop you back if you make any withdrawls, ie to do a trade..Rabo falls into this category unfortunately.
I partially keep cash so I can trade.
As Bill M would know, much better rates on various Corporate debt
MXUPA and SVWPA both paying over 11%, few clicks of a button to buy or sell
Julia
In Memoriam
- Joined
- 10 May 2005
- Posts
- 16,986
- Reactions
- 1,973
Hi Bill, I think they sometimes put out a short term offer at a higher rate when they need to shore up their deposit base. This was how I got SUN at 8%. They were advertising only 7% but I asked, quoting that WBC was offering 8% at the time, and they didn't hesitate to say yes. The person I dealt with said at the time "we need more deposits right now".
tinhat
Pocket Calculator Operator
- Joined
- 1 May 2009
- Posts
- 1,756
- Reactions
- 769
I found that UBank (subsidiary of NAB) has better rate of interest on their savings account. I have two accounts with them:
1. Personal saving account. Need to make a deposit every month to earn the bonus interest rate of 6.5%
2. SMSF account which earns 6.4% bonus rate. To get the bonus rate for the month you can't make any withdrawals otherwise I think the interest rate is 4.4%
1. Personal saving account. Need to make a deposit every month to earn the bonus interest rate of 6.5%
2. SMSF account which earns 6.4% bonus rate. To get the bonus rate for the month you can't make any withdrawals otherwise I think the interest rate is 4.4%