Westpac Brokerage now $19.95

[LiL_JaSoN]

Just as i was about to make a move to CommSec, Westpac is now offering 19.95$ brokage with Westpac Cash Investment Account =)

Just thought id let everyone know! as iv gotten use to the Westpac platform and the ease of use.

 

[nulla nulla]

Just as i was about to make a move to CommSec, Westpac is now offering 19.95$ brokage with Westpac Cash Investment Account =)

Just thought id let everyone know! as iv gotten use to the Westpac platform and the ease of use.

Up to what value of trade?

 

[snowking]

Up to what value of trade?

looking at their website it it would seem to be the greater of $19.95 or 0.11%. So the 19.95 applies to a value of around $18000 i assume

 

[drsmith]

The interest rate on their cash investment account is below par, even with the bonus.

High variable interest on the full balance of the account (currently 4.75%p.a.). Added variable bonus interest rate (currently 0.90% p.a.*) available to eligible customers.

https://onlineinvesting.westpac.com.au/Public/CIAnDIY/CIAnDIY.aspx

 

[LiL_JaSoN]

CommSec;

$19.95 up to $10,000 transaction value
$29.95 (up to $25,000)
0.12% (above $25,000)

and offers; 5.50%pa*, whilest Westpac offers 19.95 or .11% whichever is greater

I dont really worry/use about the interest account that Westpac is offering as i use Ubank that offers 5.01% upto 6.31%.

Westpac also has the dont pay till t+3, so whenever i make a transaction, i just transfer money over to the Cash Account before the t+3 date.

As a personal preference, commsec and westpac looks like they use the same platform, however i prefer the westpac platform as its easier to use - easier to navigate the market depth, course of sales, and place orders. The Commsec and Westpac Iphone trading app is the same however