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Old 10-20-2004, 07:50 AM  
rowan
Too lazy to set a custom title
 
Join Date: Mar 2002
Location: Australia
Posts: 17,393
What sort of interest rates do your national banks pay out?

I'm curious what sort of rates your standard or semi-standard banks pay for at call funds (eg not locked in like a term deposit)

I have an ING direct account which pays 5.25% p/a: no fees, no minimum balance to get the full rate, plus interest is calculated daily and credited monthly so it compounds. It's an electronic account, you transfer money between that and a standard account at another bank.

Speaking of the standard account, the interest rate on that one is 0.01%... but only if you have more than $10k in it.
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