Quote:
Originally posted by rowan
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!
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What he said about ING, I use that place.