Would a return of 4.20% improve your savings account?

Discussion in 'Money Management & Banking' started by jeromanomic, 3rd Jul, 2015.

Join Australia's most dynamic and respected property investment community
  1. jeromanomic

    jeromanomic Active Member

    Joined:
    1st Jul, 2015
    Posts:
    26
    Location:
    Perth, WA
  2. Dean Collins

    Dean Collins Well-Known Member

    Joined:
    21st Feb, 2016
    Posts:
    982
    Location:
    New York
    So what happened and was it worth the difference between govt backed term deposits to 4.2% (eg seeing the website no longer works?)
     
  3. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,394
    Location:
    Sydney
    I believe the site claiming 4.2% returns was this one: Smarter Money Investments

    These are two charts from their site:

    [​IMG]

    [​IMG]

    ... so if they've consistently been able to return well over 4%, that's a lot more than your typical bank deposit rate in recent years.

    I've not researched them, so I don't have any comments about the quality/safety of the investment.
     

Buy Property Interstate WITHOUT Dropping $15k On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia