Just received an email from RAMS that their online savings account interest rate will increase from 6th March to 4.92%. This is not a welcome rate but ongoing as long as you deposit at least $200 each month and make no withdrawal. This is available for balances up to $500k (ubank is $200k… What a problem to have I guess)
3.5% variable (not for 12 months) plus 1.6% for 12 months.
And you can get 5.10% from here:
http://mebank.com.au/personal/bank-accounts/online-savings-a…
Now this is starting to get stupid. Someone puts up a value and it's so easy to beat the value, unless it's ME Bank's 5.10%.
Perhaps check a comparison site and ensure you're higher than 5.1% before posting anything.
This rate and the one above are both 'welcome' rates unlike the RAMS deal which is an ongoing rate.
I agree that MEBank is a welcome rate but that's till December 2013. So that's locked in at least till then.
RAMS is also a Variable rate and may change even before December.
ME Bank term is:
"5.10% p.a.* Includes 1.60% p.a. for 12 months* plus 3.50% p.a. Variable Base Rate"
The base rate is variable, so not locked till Dec 2013.
Plus you must get a Everyday Transaction account from them too, too much hassle for some.
Exactly. And if my experience with rabodirect is anything to go by, the rate will fall, several times throughout the year.
it is a welcome rate, but it is for 12 months. at the moment it is the best.
0.01% better than uBank but you can't make any withdrawals…. personally I'll take the 0.01% less for the increased flexibility (plus make a withdrawal and you write off that difference for a couple of years anyway)
Currently UBank and RAMS, in that order, are the places to put your money to avoid the Welcome rate merry go round.
With INGdirect you get $50 for new customers
link?
i gave this a +ve but personally despise the "no withdrawals" catch. might as well just get a bloody term deposit -_-
check the term deposit rates first :)
(pretty crap at the mo)
if i wanted to lock it in for 5 years, Rabo have got some reasonably good rates.
but first, i'm going to bounce my money around getting the best rate until i've run out of banks
until i've run out of banks
Amen to that!
(though I've lost count of how many ING accounts I've opened & closed for each welcome bonus)
doesn't that end up looking bad on your file if you're doing this?
what file?
my credit file?
i wasn't aware savings accounts had any bearing on your credit rating i.e. not applying for credit.
What are They going to do? Credit me?
No….it won't affect your credit rating with Veda….they only record "credit products" such as credit cards, mortgages & the like. If you change CC's a lot you get put in the "Credit card Rate Tart" category!! ;->))
The RAMS website is "down for maintenance" for a few hours almost every single night. No idea what the <MOD> Removed foul language they're doing.
+1 for spelling "maintenance" correctly
Just kidding
+1 for your attitude
Why the hell do you need to login to Rams every night with an account you can't withdraw from anyways? (without loosing bonus interest).
Why not stash your money in the highest interest savings account available (ie. mebank) and move to a better account when you're no longer welcome?
Don't be lazy.
It's 4.82 on the website ATM….. bloody hell does the variable portion variate that frequently??? …. in 5 hours its lost 0.1%
Edit: Ok ignore that I see the 4.92% kicks in 6 March.
That's great! I was planning on moving from Rams to Ubank so this saves me the hassle.
C'arn… 0.18% more with mebank for 12 months*
* subject to change
I believe this offer I'd for 18 and over?
Any good offers for long term saving accounts for my new born?
Thanks
.
,
You can get 5% here
http://www.ingdirect.com.au/savings/savings_products/savings…