Interest on Bond
 

We will be getting our $5000 bond back in November and I was wondering what sort of interest (in $) will will receive? Just curious! Any one got theirs back recently?

Tony

Re: Interest on Bond
 

we had to lodge $100,000 last october!got $2100 put into account 6 mths later now due to get our $100,000 plus another $2100 next month . yippee we'll have money to spend again :D :D

Re: Interest on Bond
 

Hi , we also had to logde $100,000 last November with WA. we got $2,600 interest back in May and are expecting the same again aswell as our $100,000 back in November - yippee... :beer:

Re: Interest on Bond
 

Hi,

I would like to know the answer to this also.

We placed our bond of approx $5500.00 2 years ago (well our sponsor did - but it was our money) and we should be due something back soon.

Sarah

Re: Interest on Bond
 

It's a very low rate of interest because there's no competition. It has to be lodged with Commonwealth Bank. I think it was about 2.5%

Re: Interest on Bond
 

the bond would be $5000 the other $500 is for setting up the bloody accounts...I swear they should were flippin masks these bloody banks

Re: Interest on Bond
 

Whoever lodged the bond for you should of been getting the interest ever since you lodged it.
Im the assurer for my parent contributory visa and lodged there's a couple of years back with Commonwealth, the interest earnt has to be paid into a seperate account as it was Bond. We get the interest every 3 months I think, I keep the lot :D , as I have to declare it on my end of year return and pay the tax on it :mad:
I get dad a pint every time he comes over ;)