BankWest Business Telenet now 6.60%

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Nodrog, 10th Aug, 2007.

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  1. Nodrog

    Nodrog Well-Known Member

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    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
     
    Nodrog, 10th Aug, 2007
    #1
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