Best interest rates

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

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  1. The Stig

    The Stig Well-Known Member

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    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.
     
    The Stig, 18th Feb, 2008
    #1
  2. Nawor

    Nawor Member

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    Adelaide
    Raboplus have 7.15% for a savings account or up to 7.75% for a 1 year fixed term. AAA credit rating.
     
    Nawor, 18th Feb, 2008
    #2
  3. The Stig

    The Stig Well-Known Member

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    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?
     
    The Stig, 18th Feb, 2008
    #3
  4. crc_error

    crc_error The Rule of 72

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    8% PA? gee thats almost as much as my mortguage rate (8.09%)!
     
    crc_error, 18th Feb, 2008
    #4
  5. Nawor

    Nawor Member

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    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
     
    Nawor, 19th Feb, 2008
    #5
  6. BillV

    BillV Well-Known Member

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    I do but can only pay 8%.
    I promise to pay you back though :D
    Cheers
     
    BillV, 24th Feb, 2008
    #6
  7. Nawor

    Nawor Member

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    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!
     
    Nawor, 24th Feb, 2008
    #7
  8. The Stig

    The Stig Well-Known Member

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    Central Coast NSW
    8.2% :eek: Gee, not bad. I think there credit rating is AA with a - or a + attached to it.
     
    The Stig, 25th Feb, 2008
    #8