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| Thread ID: 135229 | 2013-10-09 21:57:00 | Best bank account | darkoverlord123 (16996) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1355632 | 2013-10-09 21:57:00 | Hi, I have a Kiwibank account that has a small $550 in it and I am only getting about 75 cents a month interest. Is there another bank that i can get more interest on? Thanks |
darkoverlord123 (16996) | ||
| 1355633 | 2013-10-09 22:00:00 | For $550, how much more interest are you hoping to get? | ronyville (10611) | ||
| 1355634 | 2013-10-09 22:14:00 | Hi, I have a Kiwibank account that has a small $550 in it and I am only getting about 75 cents a month interest. Is there another bank that i can get more interest on? Thanks The short answer is "probably not", but you can always check out the other banks online and see how much interest they pay on their bank accounts. If you want to earn more interest then you need to have more money in the bank. You can also tell how much interest you will earn on the amount of money you have in the bank with a bit of simple math :) |
Webdevguy (17166) | ||
| 1355635 | 2013-10-09 22:30:00 | That works out to about 1.63% p.a., you're not going to get much more when the money is just sitting there. | pcuser42 (130) | ||
| 1355636 | 2013-10-09 22:39:00 | The better banks offer 3.85% like the BNZ or ANZ but you may be required to do a $1 top up each month so the balance increases and no withdrawals (or that your deposit is larger than your withdrawal), I think ANZ or Westpac requires a $5 or so increase. The Kiwbank savings accounts offer really low interest rate they changed this in the past. Unless you have at least $2,000 you won't get competitive interest rate. |
Nomad (952) | ||
| 1355637 | 2013-10-10 00:42:00 | You have to look at account fees as well, no point getting more interest if you pay it all back in fees. | dugimodo (138) | ||
| 1355638 | 2013-10-10 01:12:00 | cheapest way would be a online transaction account no fees cancel hr statements and.don't go in the bank cos u be charged, for savings account is free but u might only be allowed to make one withdraw or transaction without a fee. kiwibank offers a free credit card too provided u use once every 3 month's and of course pay the balance off each time. |
Nomad (952) | ||
| 1355639 | 2013-10-10 20:25:00 | Hi, I have a Kiwibank account that has a small $550 in it and I am only getting about 75 cents a month interest. Is there another bank that i can get more interest on? Thanks Yes it would be nice if you could get double that, then yacht here I come. |
Cicero (40) | ||
| 1355640 | 2013-10-10 22:11:00 | I'm 'interested' in your $550.... | johcar (6283) | ||
| 1355641 | 2013-10-11 00:46:00 | Rabo Bank give 3%pa online account only, not sure if you can use them thru Kiwi Bank, I am with ASB. 3% would give you $1-38 before tax. No minimum balance needed. | Arnie (6624) | ||
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