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Who do you bank with?

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ozzult

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My first account was a Teensaver with Bankwest. Only reason I was with them, was because my parents were. I've still got that account, but I just opened a new savings account with HSBC. Pretty good offer they've got with their Online Savings Account. I also have an ING Direct savings account.

When I get all my employers over to the HSBC account, I'm going to close the others and just have the one account.

Haven't seen many offers like theirs with an ATM card, unlimited eftpos/bpay, and an interest rate of 4.3%pa, with no fees. Only drawback is if you live in some states such as WA (they've only got two ATMs in the whole state). But you get 5 free 'other bank' withdrawals per month. If you can cope with the 5 atm transactions a month, you're set.
 

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Personally bank with BofMelb but only because they used to have no fees and now couldn't be arsed finding another alternative.

Business bank with ANZ. Main reason is their internet site is quite good for doing multiple transfers and accessing reconciliation reports, all fairly straightforward and userfriendly.

They're all piranhas though, i hate their impersonal policies and greediness, and then when you have cash they come grovelling. If you reckon i loathe Hamill you wanna suss what i think of the banks.
 
ANZ have 2 types of mortgage offset accounts you can open. One a/c doesn't kick in the interest savings unless your a/c bal is more than 2k.

The other a/c starts saving you interest no matter how much your bal is, but they charge $10 per month for this a/c. So this mortgage offset is really for people who expect to have a balance of less than 2k.

So let's do the sums for that:

Avg balance over the year: $1500
Interest savings: 6.5% on $1500 = $97.50
A/C fees: $10 pm x 12 = $120

So in this case this mortgage offset account will actually LOSE you $22.50 over the year.

Why the f*** would anyone open one of those accounts? Great thinking ANZ.
 
Currently with a credit union but they've just introduced a whole new fee scale which means that instead of being charged for excess transactions, we're charged for every transaction. Considering they only have two branches and none of them close by, looking for a better alternative.

We're looking at ING at the moment, which has some offer of 4.75% daily compounded on whatever balance, immediate access. Sounds pretty good, and I think we once compared it to St George and found ING looked better. Anyone know if there's a catch to this?
 
I did all my junior banking with the R & I Bank, but closed the account and moved over to the Commonwealth Bank where I'm still at.
 
Do all my day-to-day banking stuff with National, which is where my pay goes too. (I work for them, don't have a choice)

THen put about half of it into an ING Direct saver account, earning 5% a year.
 
Wetspac, pay a once of fee for their Premier Advantage package, and pay no fees on my Mortage, Savings and personal loan account.
 
NAB - I absolutely loathe them but I have direct debits coming out so can't close the account. One day I screamed at the teller for about twenty minutes. Everybody was staring at me but boy it felt good.:p
 

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Originally posted by Mobbenfuhrer
Currently with a credit union but they've just introduced a whole new fee scale which means that instead of being charged for excess transactions, we're charged for every transaction. Considering they only have two branches and none of them close by, looking for a better alternative.

We're looking at ING at the moment, which has some offer of 4.75% daily compounded on whatever balance, immediate access. Sounds pretty good, and I think we once compared it to St George and found ING looked better. Anyone know if there's a catch to this?
Click to expand...

5% as of December 8

I don't think there's a catch. If there is I don't know it. It does need to be linked to an existing bank account but you can transfer your money back and forward online for no cost.
 
Originally posted by sainter
5% as of December 8

I don't think there's a catch. If there is I don't know it. It does need to be linked to an existing bank account but you can transfer your money back and forward online for no cost.
Click to expand...
Yeah I had one of the ING Direct savings accounts.

You cannot withdraw your money from ATMs because there is no card linked to the account. If you want the account so you can put your money there and never touch it, it's good. But if you want regular access to your money, it is not a good idea.

I'd recommend HSBC's online savings account. Gives you 4.3% interest p.a. on all balances over $2000. 5 non HSBC ATM withdrawals per month, plus unlimited eftpos/bpay/hsbc withdrawals.
 
I'm with the National though chuck most of my money into my ING Savings account to save. Best thing I ever did in terms of money was open one of those ING Savings Maximiser accounts.
 
Have a savings account with Commonwealth and a savings maximiser with ING Direct online. But after reading Ozz's posts, I will look further into that HSBC account.
 
Currently with the *******, because an old school friend
works there and when I have had problems or
needed a loan, I can just go to her, She knows all
the inside tricks etc to suit me because.
For Business she got me with some account
that has Big fees for putting money in and another
that Has big fees for taking money out.
So my having all deposits going into one account
and all withdrawls coming out of another and
just making one transfer between both
I pay sweet FA bank fees. on what I was.
 

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Originally posted by crudbucket
Paul18, what is the name of your bank ? Why would it be censored ?
Click to expand...

All banks should be censored co they're all sh*t.

But there is something strange with this site. The other day I had absolute censored. :rolleyes:
 
NAB - where I work, but still some stuff with CBA, where I used to work.

NAB actually love it is you go to a credit union, Citibank or HSBC. They actually make more money than if you banked with NAB direct.
 
Originally posted by sainter
5% as of December 8

I don't think there's a catch. If there is I don't know it. It does need to be linked to an existing bank account but you can transfer your money back and forward online for no cost.
Click to expand...

No catch at all. Just remember money is at call BUT on an overnight transfer-delay.

ALSO remember they direct debit (at your request) FROM your normal a/c, and your normal bank may charge you for this. To avoid that, use your normal bank's web site and transfer TO ing (you only need the BSB and A/C). Most banks offer FREE net transactions. ING don't charge you AT ALL (to OR from OR monthly etc).

"Bonus savers" (0% +3% bonus still equals 3%) and term deposits (4-5% and locked away) are a rip-off when compared to ing's 5% at call no minimum.
 
Originally posted by Joel
My girlfriend just swapped over to them. I had a look at all their brochures, and they seem to pretty good.
Click to expand...

Yeah, they're great....I don't pay anyfees on my savings account at all....:)
Where does your girlfriend live? Because I thought Police & Nurses was only in WA....
 

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