Which Bank? (4 Viewers)

[Grizzly]

Heya guys,
Just wanted to know which bank/credit union you keep your hard earn cash with or reccommend?
What is the interest rate+terms ?

I currently got ANZ Progress Saver, with 4.2% p.a bonus interest, with minimum monthly deposits of $10, and no withdrawls, no fees (student).

Ive heard there are much better ones around, except i dont really trust credit-unions etc, because what happens if that company ever went bust?

 

[iambored]

but if you're a student you have no fees... so low bank fees doesn't matter to us... or am i mixing something up?

 

[Cyph]

You get charged for withdrawing cash from an ATM that doesn't belong to your bank, even if you're a student.

www.ingdirect.com.au is the go.

 

[Grizzly]

No, your right iambored

You have to present your student card eacch year and they "waive" the bank fees.

 

[Grizzly]

Its with all banks, but not sure with credit unions.

 

[iambored]

is this only with banks? or are credit unions different? Maybe i still get charged cuz i havent shown a student card

if you don't show the card, they will charge you (as i learn the hard way)
i don't know if credit unions are the same

 

[McLake]

www.ingdirect.com.au is the go.

:uhhuh: :uhhuh: :uhhuh:

 

[SipSip]

Commonwealth bank does charge fees if you're a student and also no fees for credit cards either...but i normally put all my money in trusts and stuff...since that they generally have a better growth rate than banks....

 

[McLake]

Commonwealth bank does charge fees if you're a student

I'm a commbank customer and I DO NOT get charged ANY fees (I am not sure about non-comm ATMs) UNLESS I go over my transaction limit ...

 

[iambored]

I'm a commbank customer and I DO NOT get charged ANY fees (I am not sure about non-comm ATMs) UNLESS I go over my transaction limit ...

what's a transaction limit?

SipSip, i would check that out

 

[Ribbon]

I am with ANZ - I pay no fees of any kind (even overdraw fees) except $1.50 to withdraw money from a non-anz atm.

After you have been with anz for 6months you can apply for a $1000 overdraft facility that has no interest charge unless it goes over $1000 and I think it might be a small (like $30 -60) a year charge to have it (this might be waived too... I'm not sure)

Pretty sweet deal I rekon!

 

[tommywatts]

ING is one of the best around with 5.25% (compound interest daily) - no bank fees but no ATMs. if the RBA continues to put up interest rates, the rate at ING will mostly likely to go up.
I earned over $90 in the last quarter.

 

[McLake]

what's a transaction limit?

There is a limit to the amount of free transcations (ATM withdrawls, etc) that you can have as a student. but it's something like 15 a month, so you probably won't ever excede it ..

 

[iambored]

k thanks,

some accounts don't have any limits

 

[steph@nie]

i dont get charged withdrawal fees etc... im with teachers cred union.

 

[dark`secrets]

mm.. i heard ING was the way to go.

 

[Belle]

That's pretty good... I'm with St George and I paid $15 in fees last time they charged me It sucks.

 

[johnson]

There is a limit to the amount of free transcations (ATM withdrawls, etc) that you can have as a student. but it's something like 15 a month, so you probably won't ever excede it ..

15 a month is not much for some people, i at least 30-40 ATM/Eftpos transactions each month because i do everything through my eftpos card, rather than cash. and i have never been charged fees cos i'm a student

(i'm commonwealth by the way)

 

[McLake]

15 a month is not much for some people, i at least 30-40 ATM/Eftpos transactions each month because i do everything through my eftpos card, rather than cash. and i have never been charged fees cos i'm a student

(i'm commonwealth by the way)

Maybe I am completly wrong about the limit thing then ...

 

[jay2000]

How does this ING thing work? Joining with an existing account? What happens to the interest i'm already earning with my current bank?? confusing..