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BankWest Business Telenet now 6.60%

Discussion in 'General Investing Discussion' started by austing, 10th Aug, 2007.

  1. austing

    austing Well-Known Member

    Joined:
    5th Jun, 2006
    Posts:
    386
    Location:
    north maleny
    Hi Gang,

    I use BankWest's Business Telenet account for the bulk of the SMSF's cash investment. They immediately passed on the full interest rate increase unlike ING who during the last couple of rate increases have only passed on a token amount. I still have an ING account in my SMSF but the bulk of the cash is in BankWest for obvious reasons.

    So there is some bright side to an interest rate increase in our case.

    Cheers - Gordon