It looks like the RAMS Saver rate is dropping again tomorrow.
Received this in the email today.
We're writing to let you know that the RAMS Saver bonus rate will change to the new rate below, effective Wednesday 25 September 2019. The bonus rate is decreasing by 0.10% p.a. There is no change to the base rate.
Account Balance Base Rate (variable) Bonus Rate (variable) Rate with bonus $0 - $500,000 1.15% p.a. 1.10% p.a. 2.25% p.a. $500,000.01 - $5,000,000 1.15% p.a. 0.00% p.a. 1.15% p.a. $5,000,000.01+ 0.00% p.a. 0.00% p.a. 0.00% p.a. The interest rate will apply to the whole balance per account. Please note, your interest is calculated daily and paid monthly, so you will receive the old rate up until 24 September, then the new rate for the remaining days of the month.
Getting kinda depressing… I might need to start considering one or more high yield automotive investments.
No interest on >$5m. That is definitely depressing.