They've thrown us to the wolves with an extra 0.02% to crush our spirit. Ha.
So with Rams and Ing down. Where is the top rate now?
UBank Savings / Transaction Account interest rate gone down by 0.27%
[Deactivated] on 27/06/2019 - 02:07
Last edited 27/06/2019 - 09:42 by 1 other user
Last edited 27/06/2019 - 09:42 by 1 other user
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Completely agree - BOQ have good interest rates but their online tech is terrible.
Worst app I've ever seen, at least I get 3.75% on the first 10k for being under 24
So with Rams and Ing down. Where is the top rate now?
Silly to keep cash with such low interest rates. Buy shares or start a business or buy a fancy car.
Maybe we're saving for a fancy car / house etc. rolleyes
Am I missing something here?
The top rate is the top rate before the cut, roughly anyway.
Why would anyone not reduce it by 0.25%?
Ubank was 2.87%. they dropped rate by 0.27 rather than 0.25%.
I don't think 0.02 is going to change the leader in savings
BoQ's Fast Track Saver still seems the most attractive for stashing spare cash if you don't mind transferring $1k back and forth every month. You can withdraw the money whenever you want without losing bonus interest. Everything else apart from the "at call" funds and interest rate sucks (as in, worse than UBank). Terrible website where you can't check the current rate on your account until the interest is credited, terrible mobile "app", etc, etc. Pretty intolerable for everyday use.
UBank still seems one of the best for everyday banking with a decent rate.
Looking at Mozo's savings account search results, most accounts around the UBank/BoQ level have honeymoon periods, no withdrawals or require some tap and go payments.