SMSF Term Deposit - 3 months - 4.11% p.a. - Govt guaranteed (up to $1mill)

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ubank

• 

  totom on 16/04/2009 - 08:12

  -1

  Bankwest gives you 5% per annual on their saving account, with no minimum deposit. Plus, Bankwest is owned by Commonwealth Bank.

  • 

    M27 on 16/04/2009 - 10:02

    -1

    agree!

    • 

      applebyte on 19/04/2009 - 18:15

      -1

      yup bankwest deal is better

      not a bargain

  • 

    forrest on 16/04/2009 - 10:11

    +1

    given that 5% is variable and in the current climate is subject to decrease, you cannot be sure that in 3 months you are going to earn the equivalent of 4.11% with bankwest. 4.11% is fixed for the whole 3 months with ubank, butwhat happens if next month or so rba decides to decrease the interest rate to something very low like 2% and bankwest follows, offering lets say 3% instead of 5%?

  • 

    Associatedggschenkel @ ubank on 20/04/2009 - 08:27

    Careful: the Bankwest "smart esaver account" (which is the 5% account totomvn is referring to, I think) is not available for self managed super funds - personal customers only. (just read the PDS).

• 

  the crocodile on 16/04/2009 - 09:46

  4.11 is certainly not the most attractive rate on offer.

• 

  Ndiddy on 16/04/2009 - 10:27

  -1

  It's not fair to compare term deposits vs variable interest, however, Members Equity has a better fixed rate than UBank:

  http://www.ratecity.com.au/term-deposits/highest-rates/

  Sorry not a bargain.

  • 

    Associatedggschenkel @ ubank on 18/04/2009 - 16:25

    It doesn't look like the Member's Equity account can be opened by a self managed super account (= trust). This entry is about a term deposit that can be purchased by a SMSF - not all term deposits can do that, and some pay lower rates for SMSFs than personal accounts

• 

  Associatedggschenkel @ ubank on 23/05/2009 - 08:33

  Hello -

  this interest rate is now 4.51% (and 4.61% pa for existing customers rolling over their existing term deposit)

  to get the highest term deposit rate in the market, call us 24.7 on 13 30 80 or visit www.ubank.com.au

  Speak soon

  Gerd Schenkel