ING drop Savings Maximiser interest rate from 1.95% → 1.80%

c64 on 31/03/2020 - 08:39
Last edited 31/03/2020 - 08:39

ING have finally dropped their Savings Maximiser interest rate down to 1.80% from today.

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bargainbuyer11 on 31/03/2020 - 08:43

+1

Well luckily Up is still sitting at 2%
T4Abyss on 31/03/2020 - 08:58

hmm, they dropped it the day before they pay it out,,,
- sss333 on 31/03/2020 - 09:00
  
  +6
  
  All the previous days will still be calculated at the previous rate.
  - T4Abyss on 31/03/2020 - 09:01
    
    I was hoping that will be the case, we shall see tomo
    - lolz112 on 31/03/2020 - 09:30
      
      +6
      
      That's how rates work…
    - SoresuMakashi on 03/04/2020 - 00:48
      
      +1
      
      Interest is compounded daily iirc
iforgotmysocks on 31/03/2020 - 09:19

Cool.
Andard on 31/03/2020 - 09:43

Well that sucks
brendanm on 31/03/2020 - 14:29

So, accounting for inflation, your money is basically making nothing.
- avoidfullprice on 31/03/2020 - 17:17
  
  +1
  
  CPI be high with TP costing a fortune
shortgum on 31/03/2020 - 17:25

+1

They just preparing their further rate cut in April
whooah1979 on 03/04/2020 - 00:56

The RBA is going to pump $320 billion into the economy by printing money. Get ready for some hyperinflation.

https://treasury.gov.au/coronavirus

This brings the Government’s total support for the economy to $320 billion