Up to 5.10% P.A. (variable interest rate + 4 month introductory bonus interest rate).
Seems like an OK deal with no major hoops to jump through and applies to balances up to 250K, not 100K cap like some of the others.
Base interest rate (> $0) 0.01% p.a.
Bonus interest rate ($0 > $250,000) 5.09% p.a.
Bonus interest rate ($250,000+) Base rate only
Referrer gets $100 Visa Gift Card.
your're right for first timers but not If you've been with them before
and HomeMe is only $100K. Chump change
Yeah, with HSBC and their 5 mill cap.
Do you need to lock them for a certain amount of time to get this rate?
Macquarie no, HomeME requires the balance to grow, so ideally you'd want to leave the funds in there until the beginning of a new month.
Better deals out there
AMP is 5% ongoing
0.1% p.a. after 4 months? That is laughable for a "Saver Account".
5.50% upto $100k with ING Bank with conditions but no age limit like BoQ.
I’ve already used Macquarie, any better than this for no/minimal deposit conditions?
What is Macquarie interest after 4 months?
Zilch
4.5% no condition.
Applies both on transaction and savings
I currently have ANZ Plus 4.5% no conditions. But may as well use this for 5.1% for the 4 months.
@Monorail: In the process of moving funds from ANZ Plus. Transfered $30k yesterday, ANZ locked Plus account, could even login. Can't transfer more than $30k per day. Pain.
@Sidor: Oh good to know. Will have to split transfers. I guess they make it hard in the hopes people just don’t move funds out.
Why do company only offer 4 months. Should be illegal
I struggle to see this as a deal.
Macquarie is offering 5.55% for 4 months
https://www.ozbargain.com.au/node/782914
Others like HomeME are 5.65% ongoing (with hoops)
https://www.ozbargain.com.au/node/784269