A friend told me that he is very unhappy with his bank because of various issues and wants to move his funds elsewhere. I thought that it's quite a hassle but the lesson to learn here is to do adequate research on a bank first before opening an account.
He said that once he has found another bank, he wants to open a term deposit account. Do you know that I found out that RaboDirect, an online banking arm of Rabobank Australia Limited is offering a high interest rate of 6.30% p.a. for a 9-month bank term deposit? And that is a lot higher than what we are getting! And the minimum placement is only AUD1,000!
What I like about RaboDirect is that it's run entirely online, which means that their operational cost is lower, which they then pass on the savings to their customers. In addition, deposits with RaboDirect are guaranteed. The Australian Government deposit guarantee scheme guarantees up to AUD1 million. Any amount more than that will be guaranteed by RaboDirect's parent bank, Rabobank.
The good news is that RaboDirect has recently be chosen as Australia's most trusted bank in a survey among consumers, and this should give us the confidence to bank with RaboDirect.
He said that once he has found another bank, he wants to open a term deposit account. Do you know that I found out that RaboDirect, an online banking arm of Rabobank Australia Limited is offering a high interest rate of 6.30% p.a. for a 9-month bank term deposit? And that is a lot higher than what we are getting! And the minimum placement is only AUD1,000!
What I like about RaboDirect is that it's run entirely online, which means that their operational cost is lower, which they then pass on the savings to their customers. In addition, deposits with RaboDirect are guaranteed. The Australian Government deposit guarantee scheme guarantees up to AUD1 million. Any amount more than that will be guaranteed by RaboDirect's parent bank, Rabobank.
The good news is that RaboDirect has recently be chosen as Australia's most trusted bank in a survey among consumers, and this should give us the confidence to bank with RaboDirect.
*** This post has been sponsored.
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