What to do with AUD100,000 for 3 months?
 

Hi - My immigration bond has just reached the 1 year mark and it has automatically been closed and transferred with interest to an aussie bank account that I had from ages ago when I went backpacking years ago.

It is sitting there with about 0.3 APR interest! The NAB say I can put it in to a Higher Rate account at 5.00% APR less tax.

Is this the best place to put it and where can I find easy access to a higher APR.

I'm still in the UK, have got my PR and will go in Feb/March 2005.

Regards

Robert.

Re: What to do with AUD100,000 for 3 months?
 

I could recommend the Commonwealth Bank of Hels!!

I cant guarantee a high return tho...in fact you might find you wont get any of your money back........

But I promise to take very good care of it.... :D

(Sorry I cant help with a more practical ideal....but this would be my first choice for YOUR $100k)

Re: What to do with AUD100,000 for 3 months?
 

http://www.ingdirect.com.au are offering 5.25% - you would make $1255 before tax over the period - better than a poke in the eye !

Re: What to do with AUD100,000 for 3 months?
 

Shhhhhhhh...dont give him other ideas...

I am sure he is busily contemplating my offer and ya never know...I might just stand a chance!!!

;) :D

Re: What to do with AUD100,000 for 3 months?
 

Stick it all on the favourite in the 3:40

Re: What to do with AUD100,000 for 3 months?
 

At Sandown?

Racing Demon - 8/11 ... don't like them odds ...

Re: What to do with AUD100,000 for 3 months?
 

Jesus - there is a 3:40 .Haha .Still £72k profit

Re: What to do with AUD100,000 for 3 months?
 

Shoe box under your bed - best place for it, well thats where i keep all my money. wibble
:D :D

Re: What to do with AUD100,000 for 3 months?
 

That reminds me what is your address again .Want to errrr send a christmas card .Yeah thats it I want to send a christmas card to your address

Re: What to do with AUD100,000 for 3 months?
 

Fao Wargod
C/o HMP Wormwood Scrubs
A Wing Cell 15 (Lower Bunk)
PO Box 757
Du Cane Road
London
W12 OAE
:D :D :D

Re: What to do with AUD100,000 for 3 months?
 

Thank you. The ING Direct account looks good at 5.25%. However, I was thinking whether any fancy off shore products might be appropriate so as to avoid unnecessary tax liabilities?

Re: What to do with AUD100,000 for 3 months?
 

3.40 Sandown

1 - 6 Murphy's Quest 25-1
2 - 4 Without A Doubt 7-1
3 - 3 Racing Demon (IRE) 4-5 F

Winning Trainer - Lady Herries
Winning Jockey - L Aspell
10 ran

Re: What to do with AUD100,000 for 3 months?
 

ah well :D

Re: What to do with AUD100,000 for 3 months?
 

I asked more or less the same question but our money is in the uk. Still don't know what to do :confused:

Mandy

Re: What to do with AUD100,000 for 3 months?
 

not sure if this will help but i think you should take up hels on her offer. I think it's a very serious and good offer which you should take while you can!

... (ok maybe it has something to do with her promising me 50% of it if you do... :D )

actually could you claim that as a tax loss? ok i'll shut up now.

seriously though i dumped 100K in a st george account for 6 months when i first got here. i can't touch it until april but it's earning just over 5%. it'll do me. i wasn't bothered about the interest but it's a great way to stop me from spending it!