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Best interest rates

Discussion in 'Investor Resources & Tools' started by The Stig, 18th Feb, 2008.

  1. The Stig

    The Stig Well-Known Member

    Joined:
    3rd Dec, 2007
    Posts:
    190
    Location:
    Central Coast NSW
    I am building a list of the best term deposits and every day accounts.

    ING paying 8% for 1 year :eek: Term Deposit

    Feel free to add the best interest rates you can find in the market. Try and keep it to AA+ rating at least.
     
  2. rowande

    rowande Member

    Joined:
    22nd Dec, 2007
    Posts:
    19
    Location:
    Adelaide
    Raboplus have 7.15% for a savings account or up to 7.75% for a 1 year fixed term. AAA credit rating.
     
  3. The Stig

    The Stig Well-Known Member

    Joined:
    3rd Dec, 2007
    Posts:
    190
    Location:
    Central Coast NSW
    Dragon direct 7.25 savings account
    StGeorge
    But only till the 1st July 08:mad:
    Then it goes to the standard variable.

    Any conditions you know about for that Raboplus one?
     
  4. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
    1,367
    Location:
    Melbourne, VIC
    8% PA? gee thats almost as much as my mortguage rate (8.09%)!
     
  5. rowande

    rowande Member

    Joined:
    22nd Dec, 2007
    Posts:
    19
    Location:
    Adelaide
    Crc,

    Perhaps with another 25 basis point rise in March you will have an arbitrage opportunity. 100k at 8.25% minus 100k at 8.09% and you get a big 160 bucks.

    Looking at the last rate rise the banks didn’t really pass it on to the fixed term deposit rates. Rabo already had a 7.75% FT deposit before the rate rise.

    Why don't the banks pass this on? Does anyone with a 9%+ mortgage want to borrow from me at 9%? You must promise to pay me back though :D
     
  6. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    I do but can only pay 8%.
    I promise to pay you back though :D
    Cheers
     
  7. rowande

    rowande Member

    Joined:
    22nd Dec, 2007
    Posts:
    19
    Location:
    Adelaide
    Suncorp 8.2% for 12 months.
    I'm not sure of their credit rating - may be too risky given current global credit problems.

    Rabo now paying 8.05% for 12 months - It is getting better all the time!
     
  8. The Stig

    The Stig Well-Known Member

    Joined:
    3rd Dec, 2007
    Posts:
    190
    Location:
    Central Coast NSW
    8.2% :eek: Gee, not bad. I think there credit rating is AA with a - or a + attached to it.