Guest miwb Posted March 21, 2008 Share Posted March 21, 2008 I've got about $60,000 and like to park it in a sustainable bank with the highest interest return and unlimited withdrawl. Which bank? Anyone can provide a site with more information? Link to comment Share on other sites More sharing options...
Mike@Bonbeach Posted March 21, 2008 Share Posted March 21, 2008 Hi Have a look at Commonwealth Bank's NetBank saver,pays about 7%. You need to have a current account too (CBA's Streamline Account), you can then transfer money via the internet from NetBank into Streamline and use it like any other current account. Chequebook and cards are available for the Streamline. Streamline does not pay interest but no limit on transactions. Hope this helps Mike and Connie Link to comment Share on other sites More sharing options...
Guest John Sydney Posted March 21, 2008 Share Posted March 21, 2008 ANZ V2 account at present paying 6.25% money available all the time Also ING bank - they pay the highest but they have no branches etc all done over the internet Link to comment Share on other sites More sharing options...
Guest Liam Posted March 21, 2008 Share Posted March 21, 2008 Have a look at Savings Accounts - RateCity.com.au for a look at all the best rates. Bankwest is owned by HBOS from UK and another good one is ST George Banks Dragon Direct Account. another good site is InfoChoice > Home best of luck Liam Link to comment Share on other sites More sharing options...
Guest miwb Posted March 21, 2008 Share Posted March 21, 2008 Hi Have a look at Commonwealth Bank's NetBank saver,pays about 7%. You need to have a current account too (CBA's Streamline Account), you can then transfer money via the internet from NetBank into Streamline and use it like any other current account. Chequebook and cards are available for the Streamline. Streamline does not pay interest but no limit on transactions. Hope this helps Mike and Connie It is unlimited withdrawl from NetBank saver into the streamline account? What's the difference between that and unlimited withdrawl with a cash investment account? Link to comment Share on other sites More sharing options...
Mike@Bonbeach Posted March 22, 2008 Share Posted March 22, 2008 Hi miwb You will find that the cash investment account (CIA) has a monthly charge plus you are only allowed a small number of transactions (5 I think) then you get charged per transaction. Also once your balance in the CIA is below A$10,000 there is no interest paid. Mike and Connie Link to comment Share on other sites More sharing options...
Guest miwb Posted March 22, 2008 Share Posted March 22, 2008 So which would account would be the best to park a large sum in, with highest amount of interest but unlimited withdrawls? Link to comment Share on other sites More sharing options...
calNgary Posted March 22, 2008 Share Posted March 22, 2008 Mine !!!!!!!!!! ,lol,,, westpak offer high interest on large amounts ,have a look at their website for the exact figures ,pretty sure its around 7%,, Cal x Link to comment Share on other sites More sharing options...
Guest miwb Posted March 22, 2008 Share Posted March 22, 2008 Mine !!!!!!!!!! ,lol,,, westpak offer high interest on large amounts ,have a look at their website for the exact figures ,pretty sure its around 7%,, Cal x Unlimited withdrawls? Link to comment Share on other sites More sharing options...
buzzy--bee Posted March 22, 2008 Share Posted March 22, 2008 Citibank offer 8% for everything over $10,000, free banking, free withdrawal from any ATMs etc etc. Buzzy Link to comment Share on other sites More sharing options...
calNgary Posted March 22, 2008 Share Posted March 22, 2008 1000 unlimited withdrawals as long as i can have a couple of hundred of them,lol Cal x Link to comment Share on other sites More sharing options...
Guest miwb Posted March 22, 2008 Share Posted March 22, 2008 1000 unlimited withdrawals as long as i can have a couple of hundred of them,lol Cal x That seem to outdo Commonwealth's cash investment account. Link to comment Share on other sites More sharing options...
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