avroncotton

Been here two years now and got back the $5000 bond. After bank charges the amount that we got back was $5020!!!

I can't believe the charges bit. It's not as though the cash has been stuffed in a matress. The bank has used it.

By bro asked if the money had been in a normal savings account we would have got 7 %.

I don't know why all bank employees are asked to wear a Dick Turpin outfit!

$20 better of in far east Victoria!

Sleeping Beauty

just looking into this now. did your assurer get any interest paid on the $5000 bond during the 2 year time span?

LSH

Hi

could you tell me if you got the money back two years from when it was lodged or two years from your arrival please?

Thanks

Leo

Sleeping Beauty

arrival, it goes from the latter unfortunately.

steve99

If it works the same as the bond for a contributory parent then they should of done, as its a bond (which is really a term deposit account) the interest cant be credited to the same account as the bond, it has to go somewhere else (ie a normal savings account held by the assurer) The assurer has to declare it on their self assesment to the tax office at the end of the year and pays tax on it. So the actual interest at the end of it can be only just over half in some circumstances.

sasbear

Snap we made $19!!!!!

avroncotton

Yes, the interest minus the bank charges = $20!!!

Sleeping Beauty

nothing during the 2 years?