Moving money to the UK from Aus
Jul 19th 2006, 2:22 am
#1
Forum Regular
Thread Starter
Joined: Mar 2005
Posts: 49
Moving money to the UK from Aus
We've just done a pretty silly thing and moved too much money over from a UK bank to pay a deposit on a house so we now have around $25,000 that we either need to move back or put into something here. Now I'm sure that we'll have all sorts of suggestions (such as donating it to worthy expats 
) but apart from that has anyone done much of this sort of thing? Or is there a recommended savings account or plan that we could put it into here? Any (sensible!) ideas or suggestions welcome.
Thanks
Mike and Sarah
) but apart from that has anyone done much of this sort of thing? Or is there a recommended savings account or plan that we could put it into here? Any (sensible!) ideas or suggestions welcome.Thanks
Mike and Sarah
Jul 19th 2006, 2:53 am
#2
BE Enthusiast
Joined: Nov 2004
Location: Sandringham, Vic
Posts: 350
Re: Moving money to the UK from Aus
No point sending it back as interest rates are better here for savings accounts. Bank West offer a 6% savings account at the moment.
Cheers
Paul
Cheers
Paul
Originally Posted by zazutata
We've just done a pretty silly thing and moved too much money over from a UK bank to pay a deposit on a house so we now have around $25,000 that we either need to move back or put into something here. Now I'm sure that we'll have all sorts of suggestions (such as donating it to worthy expats ) but apart from that has anyone done much of this sort of thing? Or is there a recommended savings account or plan that we could put it into here? Any (sensible!) ideas or suggestions welcome.
Thanks
Mike and Sarah
) but apart from that has anyone done much of this sort of thing? Or is there a recommended savings account or plan that we could put it into here? Any (sensible!) ideas or suggestions welcome.Thanks
Mike and Sarah
Jul 19th 2006, 4:08 am
#3
Pain in the Butt
Joined: Mar 2006
Location: Newark, DE
Posts: 286
Re: Moving money to the UK from Aus
Originally Posted by Paul and Chloe
No point sending it back as interest rates are better here for savings accounts. Bank West offer a 6% savings account at the moment.
Cheers
Paul
Cheers
Paul
Jul 19th 2006, 4:43 am
#4
Forum Regular
Joined: Apr 2006
Location: Mornington, Vic
Posts: 51
Re: Moving money to the UK from Aus
The Internet based Term Deposits at the Commonwealth Bank pay upto 6% .
Jul 19th 2006, 5:58 am
#5
BE Enthusiast
Joined: Nov 2004
Location: Sandringham, Vic
Posts: 350
Re: Moving money to the UK from Aus
Looks like you may need to have another account with them but 6.4% for 12 months is pretty good.
http://www.abetterdeal.com.au/TeleNet_Saver/index.asp
Cheers
Paul
http://www.abetterdeal.com.au/TeleNet_Saver/index.asp
Cheers
Paul
Originally Posted by Wildandcrazy0525
Or ING DIRECT at www.ingdirect.com.au 5.6% no minimum's, Doesn't matter what amount you have in there, all be it $1 or 500K, there's no fee's and it's totally liquid. Highest I'm seeing with Bank West is 5.5% and that's with 500K or more in there
