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General Thread v2012 #2

Started by Morgan, Feb 01 2012 07:25 AM

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#5161 Shaz

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Posted 22 February 2012 - 12:19 PM

Higher interest account is generally lower interest rates, but does allow compund interest,

TDs have a higher interest rate, less flexibility, and does not comPOUND.

Check out www.ubank.com.au
They have pretty good rates. Don't even bother with NAB. Our deposit rates are rubbish.
 


I put up with people from amnesty, red cross and now the cancer council almost daily hounding me!! Throw in the greens, green peace, unhcr, save the forking children and I've well and truly hit my limit for the number of fuckstains wanting me to sign something or give money. Seriously cubts,  :fork: right off.
 

 

#5162 B4TT

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Posted 22 February 2012 - 12:19 PM

Shaz

$50,243.40

 

#5163 Shaz

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Posted 22 February 2012 - 12:20 PM

What is your holdings?
 


I put up with people from amnesty, red cross and now the cancer council almost daily hounding me!! Throw in the greens, green peace, unhcr, save the forking children and I've well and truly hit my limit for the number of fuckstains wanting me to sign something or give money. Seriously cubts,  :fork: right off.
 

 

#5164 Adam

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Posted 22 February 2012 - 12:20 PM

Have a ubank account, used it for home loan deposit. Might just use it again!

Advantage of high interest is money can be used in emergency!

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#5165 B4TT

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Posted 22 February 2012 - 12:21 PM

Adam, if you had 10K to play with you should smash it off your loan, you will probably lose more money in interest on the loan than you would gain on 10K in a bank. Depending on the size of your loan LOL.

 

#5166 Adam

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Posted 22 February 2012 - 12:21 PM

By compound you mean earn interest on your interest, yeah?

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#5167 ams

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Posted 22 February 2012 - 12:21 PM

Don't even bother with NAB. Our deposit rates are rubbish.


That must be ferusterating.

Ugh i could ramble on for forking days about this stuff.

#5168 B4TT

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Posted 22 February 2012 - 12:21 PM

What is your holdings?

Cash right nar.

Sold out this morning :D had CRZ, WES, COH

 

#5169 ams

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Posted 22 February 2012 - 12:22 PM

earn interest on your interest


Yo dawg....

Ugh i could ramble on for forking days about this stuff.

#5170 Morgan

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Posted 22 February 2012 - 12:22 PM

What's ubank interest rate like at the moment.

Our haus deposit account is getting there, but can always use all the help it can get!

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#5171 Shaz

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Posted 22 February 2012 - 12:22 PM

Not as frussteratting as dry frustting.
 


I put up with people from amnesty, red cross and now the cancer council almost daily hounding me!! Throw in the greens, green peace, unhcr, save the forking children and I've well and truly hit my limit for the number of fuckstains wanting me to sign something or give money. Seriously cubts,  :fork: right off.
 

 

#5172 Adam

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Posted 22 February 2012 - 12:22 PM

Yeah you are right Josh, I thought about that too. Because we can draw on that if we need to anyway.

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#5173 Morgan

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Posted 22 February 2012 - 12:23 PM

Adam, if you had 10K to play with you should smash it off your loan, you will probably lose more money in interest on the loan than you would gain on 10K in a bank. Depending on the size of your loan LOL.


This is a good idea!

Paying large chunks of your mortgage off at a time = winning

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#5174 Shaz

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Posted 22 February 2012 - 12:23 PM

6.01% Morgz.
 


I put up with people from amnesty, red cross and now the cancer council almost daily hounding me!! Throw in the greens, green peace, unhcr, save the forking children and I've well and truly hit my limit for the number of fuckstains wanting me to sign something or give money. Seriously cubts,  :fork: right off.
 

 

#5175 Adam

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Posted 22 February 2012 - 12:23 PM


Yo dawg....



Yo yo

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#5176 Shaz

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Posted 22 February 2012 - 12:24 PM

Adam, put the money in an offset account. You're better of saving on your mortgage rate, then you are earning on deposit rates.
 


I put up with people from amnesty, red cross and now the cancer council almost daily hounding me!! Throw in the greens, green peace, unhcr, save the forking children and I've well and truly hit my limit for the number of fuckstains wanting me to sign something or give money. Seriously cubts,  :fork: right off.
 

 

#5177 ams

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Posted 22 February 2012 - 12:25 PM

@Adam; do you have an offset account?

SNIPED!

Yo yo


The way you said it...

"Yo dawg, imma put interest on my interest..."

Ugh i could ramble on for forking days about this stuff.

#5178 Morgan

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Posted 22 February 2012 - 12:25 PM

6.01% Morgz.


Not bad. Ours is at about 5.5% at the moment I think...

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#5179 Adam

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Posted 22 February 2012 - 12:27 PM

What's an offset account?

The money is to be spent on funs, but not at the moment.

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#5180 ams

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Posted 22 February 2012 - 12:28 PM

What's an offset account?


The interest earned on any money stored in your offset account, offsets interest on your mortgage account.

It's never the same rate, but it helps a bit.

Ugh i could ramble on for forking days about this stuff.
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