Decent interest rates

[Grumpy John]

As POA for my mums finances I'm trying to find a financial institution that is offering decent interest rates. The best so far is ING with their Savings Accelerator earning 4.25% (variable) on balances of $50,000 and over. Does anyone know of any other institutions offering these kind of rates (MUST have Govt. guarantee). I need best possible rates as this is what's funding mums expenses, she also gets a part pension.

[Sturdee]

I need best possible rates as this is what's funding mums expenses, she also gets a part pension.

If she gets a part pension is she entitled to a deeming rate (as set by Centrelink) from the major banks? This rate is better then she would get otherwise.


Peter.

[Grumpy John]

If she gets a part pension is she entitled to a deeming rate (as set by Centrelink) from the major banks? This rate is better then she would get otherwise.


Peter.

Is the deeming rate better than 4.25%?

[snowyskiesau]

There's a list of Interest rate for term deposits here (http://moneytools.news.com.au/banking/termdeposits/default.asp).
Not sure how comprehensive the list is.

[Lignin]

I am getting a better rate than that from Westpac, but I have to "Internet Bank", and I'm sure the rate will plummet when it comes up for renegotiation.Might be worth a look, though.

[Grumpy John]

Wectpac esaver is offering 4.4% for balances over $50K. Due for review 31 March.

[Calm]

Regional one (http://www.regionalone.com.au/rates-fees-interest-rates.html#termdep) is 4.75 for 2 months interest on maturity.

[Sturdee]

Westpac deeming rate is 3 % up to $ 41k then 5 %. Was better prior to last December.


Peter.

[Grumpy John]

Thank you everyone for your responses, I've "parked " the money (~$200K) in wpac @ 4.4% 'till I decide what the best options are. Calms suggestion of Regional One is looking pretty good, thanks mate :2tsup:.

[Pheonix]

You will be flat out geting anything above 4% lately, I withdrew all my investment money from my super fund to put it into term deposits @5.4% this was before xmas. Due to mature in March, so not looking forward to getting any great return,but at least my money is not diminishing at the rate it was in the super fund,lost over $70k.Enough is enough, every time I checked my balance was headed west $3k one day,$2k the next.Bugger them. :((

[Timber stacker]

I've got a mate who was only able to get 3.5% at the Bendigo bank this month, I was lucky when I opened a term deposite for 7% at the Bendigo bank last september just before rates began to dive.