Reminder: RAMS Saver % dropped to 3.4% earlier this month, so Dec 1st may be a good date to shift to INGDirect (3.5% on balances up to $100,000) or another.
Reserve Bank could adjust rate on Dec 1st. So if they hold rates, ING now with best rate, might be worth shifting to.
http://www.rams.com.au/
https://www.ingdirect.com.au/rates-and-fees/savings-interest…
Sucks having to call to get the bonus interest reapplied. How many would complain that they didn't want it.
Every time I open a new account the rate seems to drop and I am no better than before. :(
That sounds like every car insurance policy I've ever had. Except it's the price rises everytime so have to swap companies back and forth every couple of years.
Westpac dropped their rates a couple of months age, so moved to RAMs
Now RAMs (yes I know they are Westpac) do the same.
They all will once one does.
There is no news in savers rates dropping because Aus in a nation in debt. Increase home loan rates and it makes headlines
I feel I might be on hold to RAMS customer service for a long time on 1 Dec as everyone empties their accounts and switches back to ING.
Is mass exedus the right phrase? Actually it's only 1/1000 p/a difference to ING. So on $100,000, only $100 extra interest p/a.
Sure, but ING is also superior in many other ways such as allowing withdrawals and having it instantly transfer to the best everyday account in the country at the moment. And $100 is $100
Just a thought. This could become the first generation of young people who have never seen a savings account interest rate rise.
Or ME 3.55%