Thanks to everyone at OzBargain for your continued support. We’re really excited to let you know about another great offer we have. We’re giving away an incredible 10% p.a. on a limited number of term deposits of $1.000 thru to 10,000 – that’s almost double the current market rate. You can find out more on Facebook http://www.facebook.com/ubank?ref=nf#/event.php?eid=19948706… or on our website. http://bit.ly/10at10 This offer is limited to one per customer; make sure you don’t miss out on this incredible opportunity.
All applicants will know before they apply whether they are getting the 10%p.a. for 3 months - it is not possible to apply after the 100 Term Deposits have been committed.
You don’t have to be a UBank Customer to be eligible, just complete a free pre-registration on the UBank website - no purchase is required.
At all times on the UBank 10 at 10 page, there will be a countdown of how many of the 100 Term Deposits remain and it will be clearly stated when they’ve sold out
Why are we running this activity? We have a “12 days of Christmas” festive activity underway - the first day we gave away T-shirts (yesterday), today we gave away pens and stickers and Friday we’re doing this activity…
Mod - edited title, marked as store representative and edited description. edited the value required as per Monty's post below added sold out at 10:07
I guess 1k might have been appropriate for mass wider appeal, but certainly not appropriate for ozbargains, where everyone is filthy rich! Our chances may have decreased, but its still not a bad deal. Think about it, if you were lucky enough to lock in 10% interest for 3 months, who in their right mind would want to lock in less than the maxmimum amount. In economics, this is called being rational investors. I cant accept that (most) people are idiots with their money.
if you're lucky enough to get in, you can still deposit 10k, soo it still worthwhile taking a punt. For those guys thats saying that $80 isnt worth your time, please remmeber the $80 is in addition to the market leading rate at the time. ie. you're getting about $250 in the 3 months with 10k deposit. ING have 5% for 3 months TD, Rabo 4.5%.
Let me propose this to all those that argue that this makes people unhappy that miss out.
Is this so different to everyone buying lotto during $20million+ draws? Very miniscule proportion of people will win, others will make a tiny loss. Will the 95% of people who didnt win, be unhappy? Will they never buy into super draws again?
Yes, a difference is you have to move 10k on ur part IF AND ONLY IF you have been selected, but if you get in, your 10k would be working very hard for essentially risk free investment
I dont work for ubank or have any affiliation, I study finance at uni - so im just saying things how I see it.
I for one will be trying to get one, and if not, nothing lost.