So what's everyone doing with all their new dollars?
Oct 8th 2008, 1:58 pm
#1
someone's had 'Alex'...
Thread Starter
Joined: Jan 2005
Location: Vic Park, WA
Posts: 270
So what's everyone doing with all their new dollars?
I've only got a couple of savings accounts, ING and Bankwest were the most obvious to me.
Really think I want to be spreading it out a _lot_ more thinly though - any recommendations?
Alex
Really think I want to be spreading it out a _lot_ more thinly though - any recommendations?
Alex
Oct 8th 2008, 7:58 pm
#2
Joined: Jan 2005
Location: Asia Pacific
Posts: 4,922
Re: So what's everyone doing with all their new dollars?
www.raboplus.com.au
AAA Credit Rated Bank and rated the most secure non government bank in the world and 4th overall 10 years in a row. No other financial institution in Australia has that credit rating.
AAA Credit Rated Bank and rated the most secure non government bank in the world and 4th overall 10 years in a row. No other financial institution in Australia has that credit rating.
Oct 8th 2008, 9:33 pm
#3
BE Forum Addict
Joined: Jun 2007
Location: Peregian Springs, Sunshine Coast
Posts: 1,872
Re: So what's everyone doing with all their new dollars?
Think we will go round some of the other high street banks at the weekend and see who wants our buisness.
Oct 8th 2008, 9:38 pm
#4
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: So what's everyone doing with all their new dollars?
I think the best policy will be to hang on to your new dollars ( in whatever account).
You may well need them when the real implications of this rapid decline in the value of the currency and the economy is felt.
Pensions will need to funded from somewhere
G
You may well need them when the real implications of this rapid decline in the value of the currency and the economy is felt.
Pensions will need to funded from somewhere
G
Oct 8th 2008, 10:25 pm
#5
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: So what's everyone doing with all their new dollars?
Building an extension on our house.
Oct 8th 2008, 10:47 pm
#6
Forum Regular
Joined: Oct 2006
Location: Hertfordshire now in Melbourne
Posts: 228
Re: So what's everyone doing with all their new dollars?
That's maybe a good idea to spread the funds around, Ive just exchanged all our funds, although it will take some while to receive them in oz, but I guess we start looking at term deposits in the banks and maybe online. Not sure where to start really, maybe ingdirect in oz is a good bet.. First thing is to re-stock the beer/wine fridge for a good wkend after a mad few days and disappointing exchange rates during these year.
Good luck to everyone..
Russ & Sarah
Good luck to everyone..
Russ & Sarah
Oct 9th 2008, 1:30 am
#7
_
Joined: Aug 2005
Location: Perth (ex Oxford)
Posts: 411
Re: So what's everyone doing with all their new dollars?
Keep in mind though that Aussie banks don't offer the same guarantee as European banks do on your savings. Admittedly it is quite an extreme situation if an Aussie bank was to fold and for savings to be lost, but seriously, who knows what to expect in this financial turmoil.
Aussie property is looking a good bet again. Prices have dropped quite substantially (in WA at least - we paid less for our house than what the previous owner bought it for almost 3 years ago!), and interest rates are dropping. Of course if everyone does start jumping into the housing market again then it might start to stabilise, so you probably need to get your timing right.
The timing of exchange rates, property prices, and interest rates couldn't be better for anyone moving over to Oz at this very moment.
