ING Direct - Savings Maximiser 3.0% - December 12th
It looks like ING Direct will be increasing their interest rate on their Savings Maximiser to 3.0% on December 12th.
https://www.ingdirect.com.au/savings.html
Their website is not fully updated. But it was also reported in The Australian:
http://www.theaustralian.com.au/business/financial-services/…
The only banks higher then this - with no stupid 4 month only offers are:
- ME Bank (3.05%) - Catch is you need to do a tap and go payment every week or you dont get the bonus interest.
- RAMS (3.15%) - catch is you can't move your money out or you don't get the interest.
The positive with ING is that there is very few catches to actually obtain the 3% interest assuming you have your salary going into your Orange Everyday transaction account. Which in itself is still an excellent card to have due to being able to withdraw money from any ATM in Australia (including the no name ones in Pubs and Bars) and the ATM Fee's are credited instantly (Unlike ME Bank which take up to 30 days). Combine that with a very good online banking website, app and customer service. And the fact that every Australia Post is basically your 'bank branch'.
Edit: Conditions: For customers who also have an Orange Everyday bank account and deposit their pay of $1,000+ each month. Available on one account for balances up to $100,000
Not necessarily. It seems different people are getting different amounts, ranging from $25 to $100. See: https://www.ozbargain.com.au/node/287045