Quote Originally Posted by Perky View Post
Hi Blackcap, I usually find heartland or rabo to offer best rates from traditional banks

Jarden.. you can get 3.9% > 50k on call
Heartland you can get 4.25% on 32days notice or 3% call
Rabo ..call is 3.1% or I use the prem saver which gets you 3.75% up to 100k with a minor condition of needing to increase balance $50 from balance at month end.

There are other banks or lenders offering more but I find using Jarden, rabo and heartland gives you a good spread…hopefully without taking on too much risk.
I do all transactional banking with Westpac because that’s who I started with 30 years ago and too hard to change now..but I never invest with Westpac…due to poor rates.

Someone will be along shortly to tell us it’s better to own the bank share than put money in their accounts? And point out how much higher bank dividend is to interest rates offered.
Thanks Perky,

I know that Direct Broking used to spread their risk in the call account amoungst the major banks so that your money would be well diversified. If that is still the case, then their offer is superior as the other banks are not diversified. 3.9% over 50k sounds good, I only have 20k in there at the moment and see that it is at 3.3% so that is still quite handy.
I did not realise they tiered it so that is another consideration.
As for bank shares and bank dividends for sure. However I always keep some cash as part of my portfolio and want to optimise that part of it. No use having it sitting in a cheque account like it has been the last 8 or so years.