Fisher1 Posted September 27, 2016 Share Posted September 27, 2016 Hi all We are planning to move to live permenantly in Australia next year, when we have (hopefully sold our house) and have an account with Westpac which has been open for some time. We currently get 1% interest on savings in our westpac esaver and can only get better rates from them when we are permenantly resident in Oz. Can anyone suggest a way to get a better rate of interest? Not averse to changing bank. thanks in advance m Quote Link to comment Share on other sites More sharing options...
paisleylass Posted September 27, 2016 Share Posted September 27, 2016 (edited) ING Direct has a great savings account, Savings Maximiser. All flexible with withdrawals etc. Basic interest is 1.75% but there is also bonus interest total 2.75% on the first $100,000. We've banked with ING a few months and it's working well for us. They do a referral scheme from time to time so let me know if you're interested and we could both get 75 bucks! Edited September 27, 2016 by paisleylass Quote Link to comment Share on other sites More sharing options...
paisleylass Posted September 27, 2016 Share Posted September 27, 2016 Ohh, I'm not sure about residency requirements though... Quote Link to comment Share on other sites More sharing options...
Fisher1 Posted September 27, 2016 Author Share Posted September 27, 2016 Ohh, I'm not sure about residency requirements though... thanks Paisleylass. I'll look into that one but I'm willing to bet it needs residency if they're promising w sweetener for the person who refers you - shame ! Quote Link to comment Share on other sites More sharing options...
Bobj Posted September 28, 2016 Share Posted September 28, 2016 Any help? http://www.canstar.com.au/compare/savings-accounts/ Cheers, Bobj. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted September 28, 2016 Share Posted September 28, 2016 You can certainly get 3% (before tax) onshore here in Australia. Money at disposal on call as well. Only requirement being one instalment a month. It could be as low as a single dollar from memory. I'm reasonably sure you would be required to be a resident though. For residents a 25% tax is in place for those residing abroad. Quote Link to comment Share on other sites More sharing options...
Fisher1 Posted September 28, 2016 Author Share Posted September 28, 2016 Looking difficult but I'll carry on the search. Thanks everyone. It's not so crucial at the moment but when we transfer our house money ... Quote Link to comment Share on other sites More sharing options...
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