The online lists of bank savings accounts I’ve looked at are now mostly out of date.
The guardians for my grandmother recently got control of her CBA bank account (don’t worry this isn’t a horror story) and discovered it was all in an almost 0% interest account, so they’ve moved it to a goalsaver (4.65% at time of writing).
I have a CBA account, but moved my savings around a few years back first to Bank Australia (they had good interest for a while) then Credit Union SA (currently at 3.65%). I feel like I might end up with an account with everyone at this rate.
ING seems to offer 5.5% right now but they have a longer list of requirements attached than I expected (I’ll have to start using their cards if I join them).
Any thoughts or advice? EDIT: Also are fixed term deposits ever sane? I’ve always assumed that guessing the direction of interest rates is a gamble.
I set up a transaction and savings accounts with ING some years ago, reimbursing atm and foreign exchange fees was a good draw and it became easy enough to hit the requirements for the bonus rate.
I’ve since got a home loan and offset account but still keep the ING savings as a holiday fund account and i now have my personal savings (separate from my and my partners joint savings) in a Citi bank account for the introductory rate as you can only have one bonus rate saving account with ING.
I think ING is limiting the (overseas?) ATM fee reimbursement now, my boss was complaining about this recently.
Yeah it’s like 5 a month or something. I haven’t hit the limit yet.