Go Back  British Expats > Living & Moving Abroad > Australia
Reload this Page >

Savings interest rates

Savings interest rates

Old Jan 2nd 2008, 3:38 pm
  #1  
Forum Regular
Thread Starter
 
ian_s's Avatar
 
Joined: Jun 2006
Location: Adelaide
Posts: 148
ian_s has a spectacular aura aboutian_s has a spectacular aura aboutian_s has a spectacular aura about
Default Savings interest rates

Just want to know peoples opinions as to bring £100k over now and put in a high interest account even though the exchange rate isn't very good at the moment. Or should I put it into high interest account in UK and hope exchange rate improves which looks unlikely in the short term. Personally I don't think there can be much in it unless you guys know different.

Don't want the debate about tax implications on gains and all that just wanted to know what a half decent interest rate is at the present for say a 12 month fixed deposit.

Thanks Ian.
ian_s is offline  
Old Jan 2nd 2008, 4:12 pm
  #2  
BE Enthusiast
 
Speargun's Avatar
 
Joined: Jan 2006
Location: Sunshine Coast, Queensland
Posts: 316
Speargun is just really niceSpeargun is just really niceSpeargun is just really niceSpeargun is just really niceSpeargun is just really niceSpeargun is just really niceSpeargun is just really niceSpeargun is just really niceSpeargun is just really nice
Default Re: Savings interest rates

Originally Posted by ian_s View Post
Just want to know peoples opinions as to bring £100k over now and put in a high interest account even though the exchange rate isn't very good at the moment. Or should I put it into high interest account in UK and hope exchange rate improves which looks unlikely in the short term. Personally I don't think there can be much in it unless you guys know different.

Don't want the debate about tax implications on gains and all that just wanted to know what a half decent interest rate is at the present for say a 12 month fixed deposit.

Thanks Ian.
This post ill definately be keeping an eye on....like you short term I cannot see any sign of the GBP getting any stronger....the scary thing for many of us is it just seems to get weaker and weaker - sent half our money before Christmas at 235 and at the moment would snatch their hand off for 132! currently running nearer 224 glad im not taking that much money out! The interest you get on your money out there will be far higher than you will get in the UK! Personally im seriously considering buying in when it gets to 226 to 228 as it looks like there will be more downside to come!
Speargun is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.