GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Whats the average interest rates you get for money in the bank?

rowan · 10-06-2003, 12:32 PM

ING Direct (Australia) is an online bank - no branches. They pay 4.75% p/a and charge no fees. Interest is calculated daily, and paid monthly. It's a pretty sweet deal, and other banks are starting to copy it now. Some are offering rates in excess of 5.00% p/a if you keep your balance above $AUD2000. Why bother with term deposits that have lower rates, interest paid on maturity only, and your money locked away for X months...

When ING first started their rate was 6.95% p/a for a few months. Wish I'd had some cash back then to throw into it!

10-06-2003, 12:32 PM
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	ING Direct (Australia) is an online bank - no branches. They pay 4.75% p/a and charge no fees. Interest is calculated daily, and paid monthly. It's a pretty sweet deal, and other banks are starting to copy it now. Some are offering rates in excess of 5.00% p/a if you keep your balance above $AUD2000. Why bother with term deposits that have lower rates, interest paid on maturity only, and your money locked away for X months... When ING first started their rate was 6.95% p/a for a few months. Wish I'd had some cash back then to throw into it!