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Would a return of 4.20% improve your savings account?

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

  1. jeromanomic

    jeromanomic Active Member

    Joined:
    20th Jul, 2014
    Posts:
    30
    Location:
    Perth, WA
  2. Dean Collins

    Dean Collins New Member

    Joined:
    20th Sep, 2016
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    Location:
    NY
    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 Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    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.