Where to park money?: Where to park money in Nov 2022?

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Where to park money in Nov 2022?

Printed From: BullCharts Forum
Category: Market Discussion
Forum Name: Where to park money?
Forum Discription: What are the opportunities to park cash?
URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=1046
Printed Date: 16 May 2024 at 2:17pm
Software Version: Web Wiz Forums 9.69 - http://www.webwizforums.com

Topic: Where to park money in Nov 2022?

Posted By: rbbrain
Subject: Where to park money in Nov 2022?
Date Posted: 24 Nov 2022 at 4:27pm

In the November 2022 Melbourne user group meeting, and in the webinar, we had a discussion about where to park idle cash while waiting for market opportunities. Some possibilities were raised by the user group members present. More suggestions can be added to this forum; but NOTE that there is no advice here, and any of the information that is posted might quickly go out of date.

The information herein cannot be replied upon!!

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Robert Brain (Brainy)
Convenor - Australian BullCharts User Group
http://www.RobertBrain.com - Brainy's Share Market Toolbox and BullCharts Tips
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Replies:

Posted By: rbbrain
Date Posted: 24 Nov 2022 at 4:30pm

Some of the Nov 2022 suggestions for idle cash opportunities included:

* Macquarie Bank. Currently 4.25% but this might be a bonus rate requiring regular deposits to the account.

* Ubank - Owned by Westpac? Currently 3.85% but with conditions.

* NAB trade for NAB account traders - Currently offering 3%.

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Robert Brain (Brainy)
Convenor - Australian BullCharts User Group
http://www.RobertBrain.com - Brainy's Share Market Toolbox and BullCharts Tips
[/CENTER

Posted By: rbbrain
Date Posted: 26 Nov 2022 at 5:08pm

Update for Macquarie ""Savings" accounts. Current interest rate is 3.45%, but for NEW accounts is 4.25% for the first four months, then reverts to 3.45%

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Robert Brain (Brainy)
Convenor - Australian BullCharts User Group
http://www.RobertBrain.com - Brainy's Share Market Toolbox and BullCharts Tips
[/CENTER