Hi All,
This forum seems to have kicked off well with the Dev Raga podcast summaries (which ive yet to listen to/read - but they look very juicy, so i will in due time) but I though I'd start some discussion.
What bank accounts do we all use?
I think as interest rates drop across the country we should all pay a little more attention to the banks we use and try to squeeze every percent where possible. I'm in the process of moving over to a Westpac Choice + Life combo which gives me a 3% variable interest rate (0.2% base + 0.2% if i grow my savings each month + 2.6% if i use my card more than 5 times in a month) after ditching my Newcastle Permanent account which I've had for 10+ years because it had 0.01% return on it.
Features that were important in my decision were the
What are your thoughts? When was the last time you thought about how much you save/spend? or What bank account you use? Is there anything I'm missing? or something you want me to clarify ?
Ask or suggest anything and everything!
Keep in mind this is not specific financial advice and i am not a financial advisor. Im just a stranger on the internet sharing his thoughts.
p.s Isuru there is no discussion tag prefix yet so I'll edit it when there is one
This forum seems to have kicked off well with the Dev Raga podcast summaries (which ive yet to listen to/read - but they look very juicy, so i will in due time) but I though I'd start some discussion.
What bank accounts do we all use?
I think as interest rates drop across the country we should all pay a little more attention to the banks we use and try to squeeze every percent where possible. I'm in the process of moving over to a Westpac Choice + Life combo which gives me a 3% variable interest rate (0.2% base + 0.2% if i grow my savings each month + 2.6% if i use my card more than 5 times in a month) after ditching my Newcastle Permanent account which I've had for 10+ years because it had 0.01% return on it.
Features that were important in my decision were the
- Technology available (Apple Pay, PayID, etc)... this is where my old account was really lacking and so i had an Up Bank spending account on the side.
- Branch/ATM access, which is why i chose a more national bank like Westpac especially as im split between Newcastle and Brisbane for uni
- Interest rates (3% is more than anywhere else across the country with a 0.1% RBA cash rate)
- Fee's involved ($5/month but waived for under 21/year olds or full time tertiary students)
What are your thoughts? When was the last time you thought about how much you save/spend? or What bank account you use? Is there anything I'm missing? or something you want me to clarify ?
Ask or suggest anything and everything!
Keep in mind this is not specific financial advice and i am not a financial advisor. Im just a stranger on the internet sharing his thoughts.
p.s Isuru there is no discussion tag prefix yet so I'll edit it when there is one