Wednesday, August 23, 2006
$50/mo. fees for a Basic Savings Account?
OK, to be fair, you either need to have a min. of $10K in your account, or the monthly service fee is $10. Many folk would make sure they avoid that fee by keeping $10K in their account, without realising that $10K can earn $50/mo. at 6% interest.
The NAB Investment Cash Manager pays 5.75% on the portion of your balance over 500K, less for lesser balances, but zero percent for the $0-$9999 portion of your balance.
Q. What do you get for the $50?
A. 10 free transactions and an optional overdraft facility
AVOID
The NAB Investment Cash Manager pays 5.75% on the portion of your balance over 500K, less for lesser balances, but zero percent for the $0-$9999 portion of your balance.
Q. What do you get for the $50?
A. 10 free transactions and an optional overdraft facility
AVOID
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