check out the new remote control Jockey Wheel SmartBar Topargee products Enginesaver Low Water Alarms
Members Login
Username 
 
Password 
    Remember Me  
Click here for the Grey Nomads website -> The Grey Nomads Forum -> The Grey Nomads - General -> best bank term deposit rates.
Post Info TOPIC: best bank term deposit rates.
ozi2


Guru

Status: Offline
Posts: 624
Date:
best bank term deposit rates.
Permalink  

G'day everyone, just posting re current bank term deposit rates and what kind of deals on offer.

I have just taken a 6month term dep with NAB's online U bank service which is offering 6.41% with a (dont laugh) "loyalty bonus"of 0.10% if I roll it over on maturity, wow, 1c in the dollar could be hard to ignorebiggrin

Hope this may be of interest if you are looking for a reasonable deal in a tight market, it was the best I could find and Which bank and Westpac couldnt match it. If you know of a better deal perhaps you could post for forum members,

Cheers,
Ozi2

__________________
Gerty Dancer


Guru

Status: Offline
Posts: 6997
Date:
Permalink  

Whatever the rate, your money is a lot safer than in shares!!! And no Superannuation company Fees either!

__________________

Cheers,  Gerty. ... at home

"Leaning forward to see whats coming"
                                                                   
Cruising Granny


Guru

Status: Offline
Posts: 6882
Date:
Permalink  

The most recent ANZ rate is 6.75%. Not sure about those "loyalty" rates.
No matter how much they give us for the use of our money, they will make a whole lot more profit than we ever could, pro-rata.
You have to have millions to make a buck out of any investment.
I lost a bucket of my managed funds and have pulled out, but it's all a bit late.
Good luck with your punting in any financial institution.

__________________

20ft Roma caravan - Mercedes Benz Sprinter - SA-based at the moment.
Transport has no borders.

Management makes the decisions, but is not affected by the decisions it makes.
PeterInSa


Guru

Status: Offline
Posts: 1047
Date:
Permalink  

I use www.ratecity.com.au to checkout the best rates, mate has divided his self managed supa into 4 and checksout and rolls over every three months, to get the highest rates but to me mostly they are not as good as 6 monthly rates.

Peter

__________________
DKay


Veteran Member

Status: Offline
Posts: 66
Date:
Permalink  

"whether bank or shares"
I have my money is Ozz shares at the moment.
I have felt some pain over the last cuppla years - but now I am getting 19% return.
I personally hate banks and so I am happy with my present arrangements.
Horses for courses !!!!

__________________
tonyd


Guru

Status: Offline
Posts: 632
Date:
Permalink  

Agree, 19% is a good return. But the point about bank/credit union interest is that at the end of the day/term you still have your capital. A few bad days on the stockmarket and you're penniless and gazing on a very bleak future. Cheers, Tony

__________________

If you don't stand behind our troops, please feel free to stand in front of them.
jimricho


Guru

Status: Offline
Posts: 3917
Date:
Permalink  

I believe in the often given advice of spreading risk. Some in shares, some in property, some in cash. You may have to ride some ups and downs in the market but you won't be penniless after a few bad days on the stockmarket as suggested. That will only happen if you're day trading, using margin loans, and/or "have all your eggs in the one basket".

Don't invest in anything you don't understand and remember the well worn cliche..."If it seems too good to be true it probably is!"

__________________

Merda tauris scientia vincit
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
Click here for the Grey Nomads website -> The Grey Nomads Forum -> The Grey Nomads - General -> best bank term deposit rates.
Tweet this page Post to Digg Post to Del.icio.us
Purchase Grey Nomad bumper stickers Read our daily column, the Nomad News The Grey Nomad's Guidebook