Hi all. Anyone have any good ideas for high fixed interest savings account for $50k. Idea being once the tax man has his way with the CGT I can then put it into an investment property in 12months time.
Alternatively I can blow it all on stocks given it's on the slide. But my conservative side says save, so want an idea what's out there as a good rate and where. Currently getting 0.1%
Thanking all in advance.
Yeah Up is the best place to put it atm
Up has now cut their bonus rate to 2%.
Macquarie bank still advertises a 2.65 bonus introductory rate for the first 4 months..
Have to open a transcation account to get savings, but no mins and seems to be free of fees etc. Thanks.
Could put 4K into spaceship, for a bit of fun, no fees.
There must be some good long terms stocks at ok prices again at moment.
too small sorry comeback with you have $500k
for now just put in ING
If open Ubank Saver & Ultra acount can get 1.85%. Just follow conditions to make sure eligible each month. Can also check Cannex website to see what offers are going out there.
Ratesetter is an option.
Better to stick it under your mattress than give it to some weird little bank, and make less than inflation on it after tax. Or wait a month or so, buy into an ETF that follows the asx200.
To stick it under the mattress could be a good idea seen what is happening. But how do you go to the bank and withdraw a lot of cash?
You just ask them to have it ready, I've only taken out $20k at most I think, they are fine with it if you give them a heads up.
$20k is easy. What about $200k or $2m?
Currently the highest ongoing rate is with the neobank Up, but you have to make 5 card purchases every month to qualify for bonus rate of 2.25% (may decrease because of the recent RBA rate cut)