Using Google it seemed that ING had the highest offering of the main banks at 5.25% for 1 year.
A lot of the comparison sites are hard to read, promote products, or don't clearly spell out conditions.
Are there any better options that readers are aware of?
Clear any other debt first or offset? Even HECS debt at the moment possibly has a higher interest rate (7.2% for 2022-23). Also income from bank interest is income taxed easily removing around 35% of that to tax assuming normal-ish income
Otherwise if you are clearly intent on using a savings or term account MEGo bank by MEBank HomeMe has currently up to 5.65%
No debt at all.
The MEGo appears to be one of those with conditions.
I see 6.1% in NZ. Perhaps that may be an option?
Which bank is this? And is this a savings or term deposit. You might be reading it incorrectly
Heartland for 1 yr.
I was considering investing in NZ earlier this year. Glad I didn't, given the NZ:AU dollar drop.
NZ's conservative party will take over these elections, and there will be substantial changes in policies which may affect the NZD. But I believe a large amount of NZ's dollar drop isn't from internal factors, it's their dependence on other countries like China, Australia and the US.
When their partners perform poorly, their economy performs much, much worse.
For all intents and purposes, I'd steer clear from investing in another country's economy with this amount of cash in the short-term, and stick with the best HISA you can find. Chasing anything more, in my opinion, is too risky while the rates are so good.
Short BHP
What does it do? It just looks like a page of text.
Click on the 'Savings' tab at the bottom. It lists the current available savings account rates and their conditions.
Thanks for the explanation. It appears not to have the set-and-forget term deposit rates.
Magic beans. Or savings account
BTC halving April 2024.
By YAL.asx get the franked dividends then sell. Pocket 6% profit. Just be sure to sell before everyone else.
If you truly cannot bother to put any effort into your savings you should consider ANZ Plus's Saving account which has no obligations as long as you're over 15 years old. They give 4.65% for money in the savings account and don't restrict you from withdrawing (since there's no bonus interest). There's also no annual fees so no problem with forgetting about it. Only concern would be that it is the mobile banking side of ANZ so you don't get much help from their branches (including no in-branch withdrawls). I've helped some family start an ANZ Plus account and so far they have had no problems with it.
For the balance of one easy hoop (deposit $200) for decent interest rate (5%), Ubank could be decent option.
https://www.ubank.com.au/banking/savings-account#bonus-inter…
Yes, but at a lower rate than with ING.
Do you have an offset?