ING is paying 8.0% interest for new customer funds, and for existing customers on the balance above 24 April 2008 they paid 7.9% between 9 May - 22 Jun, and 8.0% between 23 Jun - 31 Oct.
I'm writing this here because I don't remember seeing the offer or seeing it posted on OzBargain, and there are a number of other ING customers here too.
I was wondering if anyone else (Scotty? OzPete?) can verify this deal's been around that long or if this is the first they've heard of it too … ?
Thanks for any help :)
I also posted it here because this is potentially a bargain for a lot of people. (If you already have an ING account, you can get more interest for a few days)
BankWest has been offering 8.1% promotional rate.
The real problem is; after subtracting inflation (now 5%) and income tax (most likely 30%) — the return on 8% interest is a measily 0.6%. Hence saving money is barely worthwhile.