bobbyftm

Anyone know if there's a comparison website to compare interest rates for savers please be it online ,term deposits or whatever !
cheers me deers

The Bloke

http://www.bankaccount4u.com.au/?gcl...FQgXewod1xHgWQ

or google the banks own sites.

bobbyftm

cheers karl

ianandhelena

Excellent website-good recommendation. I thought I was getting the best deal with HSBC's Serious Saver. Wrong !

brendarover

http://www.infochoice.com.au/Home/tabid/36/Default.aspx

sammyg

Sorry to hijack but if your savings account is paying 7.5% (bankwest telenet) and you're living in oz how much tax is payable on the 7.5% (ie what is the 'net' figure)???

Thanks in advance

jad n rich

Interest is taxed according to your income level, so if your total annual income falls in the 30% bracket 30% and so on. Aussie tax rates will come up on this forum with a search. Dont forget if you dont submit a tax file number they deduct 50% tax. Also dont forget banks in oz submit your interest details to the tax dept and then centerlink.

http://www.ato.gov.au/individuals/co...u=5053&mfp=001

sammyg

Thanks for that...it's got us thinking!...so, what if we don't work for a few months??

Sam and stu

ianandhelena

Then your only income is interest and is taxed accordingly.

sprite_green

The two comparison sites posted already look good. The one I have used in the past is:

http://www.ratecity.com.au/savings-accounts/