This week’s sharemarket rollercoaster might have made you nervous about more exotic investment opportunities. Finance comparison site Mozo has produced a handy infographic highlighting some of the best currently available savings options.
The infographic doesn’t cover every possible scenario, but it is a handy quick guide to ideas you might not otherwise have considered.
wsDK_II
Friday, August 12, 2011 at 9:52 AMI have all my $$ in a UBANK account at the moment, i am earning $60 a week in interest! :)
not nearly enough though :P
Daniel
Friday, August 12, 2011 at 2:35 PMAnd now we know exactly how much money you have
Karan
Friday, August 12, 2011 at 12:24 PMWatch out on the tax obligations of high interest though!
Robert
Friday, August 12, 2011 at 4:31 PMAnd with Ubank even if you cant afford to deposit $200 a month, you can make a regular outgoing payment from your Ubank Savings account to your normal account at $200 and then setup an Automatic savings plan for the same amount to come out of your normal account for that same day.
Extra 0.51% and all its costing you is a very small amount of interest while that $200 isn’t in the savings account.
dre
Friday, August 12, 2011 at 10:07 PMwhy is the citibank term deposit even on there?
Kirsty Lamont
Monday, August 15, 2011 at 11:48 AMHi Dre
The Citi term deposit is there as an option for people who a) just want to stash some cash and not make ongoing deposits and / or b) want to protect against the possibility of rate cuts and / or c) want to put their cash out of temptation’s reach!
Cheers
Kirsty @ Mozo