Moving Overseas - What Is The Best HISA with NO Hoops???

grads5 on 16/05/2023 - 21:50

Hey OzBargainers!!!!!!

Looking for the best High Interest Savings Account to store $200k with no hoops as moving overseas (will not be doing any transactions or monthly deposits) and will stash money in there to earn some $$$ until I return in a couple/few years before reinvesting into the property market.

Thanks in advance for any comments :)

Financial Bank Account Savings Account

Comments

  • nubix on 16/05/2023 - 21:58

    spreadsheet says Bankwest @ 4.25 https://www.ozbargain.com.au/node/755576

    • grads5 on 16/05/2023 - 22:17

      Ahhh thank you sir 🙏

      • Hybroid on 17/05/2023 - 00:03

        ANZ Plus recently upped theirs to 4.5% for amounts up to $250,000. No hoops, no monthly payments, no spend 3 times on qualified purchases bla bla. Deposit money, leave it alone, earn interest.

        They have a dedicated app which is very clean and well designed. You get issued a debit card (for the transaction account, not savings) automatically but simply don't activate it at all for added security.

        https://www.ozbargain.com.au/node/773991

  • Stopback on 16/05/2023 - 22:15

    Term deposit

    • grads5 on 16/05/2023 - 22:17

      I was under the impression Term Deposits have lower interest than HISA at the moment?

      • Donaldhump on 16/05/2023 - 22:41

        minimal difference

        some TD's are 2/3 years at 4.5%

  • Stewardo on 17/05/2023 - 11:57

    Which countries will you be a tax resident of during this time?

    • grads5 on 17/05/2023 - 18:28

      None, we are moving to Dubai!

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