Does my head in.
As little as a few months ago, I was a long time satisfied ING account holder.
I felt good about it and didn't have a care in the world. If ING were dodgy, I wasn't aware and didn't care. If I had ever noticed another person whip out their Orange Everyday debit card for purchases, internally I'd think "They're smart. They know..."
I also had a ME account as a secondary account because of their low rate credit card which I got prior to ING introducing the same product.
Then ING announced they were going to add another condition to get their bonus interest rate. ****.
On top of their other conditions which I could manage, I couldn't guarantee that my Savings Maximiser balance would increase the following month.
Ah well, all good things come to an end. It's disappointing but time to move on and I just happened to find little known MyState Bank. The offered the same bonus savings rate (1.35%), and their conditions were less demanding (% card purchases and depositing $20 a month instead of $1000). Brilliant, sign me up!
But then 2 weeks after I opened accounts with them, MyState cut their savings rate to 1.2%!
That being the case, I may as well just use ME as my main account since they had 1.2% savings bonus as well, for only 4 card purchases.
Then whaddaya know? ME are now getting taken over by BOQ. **** that. On top of which I hadn't noticed their rate went to 1.!%
I spent 2 hours trawling over HSBC's new Global Everyday account to fin the 2% cashback on card purchases wasn't worth it.
The good news was that AMP had a 0.85% savings account with no conditions. They subsequently added a 0.4% with an easy $250 deposit.
The good thing about AMP is that like ING and ME, use can use any ATM. None of this BS free for using the big 4 ATMs or 10,000 available ATMs. Every single one.
All of this while enquiring about Bank Australia, BankVic and Beyond Bank.
This big OP without discussing the transformation of how I go about everyday spending, which has transformed due to my discovery of micro investing. Now I really care about the 50c I save on yoghurt when it's on special. I'll save that for another post though.
As little as a few months ago, I was a long time satisfied ING account holder.
I felt good about it and didn't have a care in the world. If ING were dodgy, I wasn't aware and didn't care. If I had ever noticed another person whip out their Orange Everyday debit card for purchases, internally I'd think "They're smart. They know..."
I also had a ME account as a secondary account because of their low rate credit card which I got prior to ING introducing the same product.
Then ING announced they were going to add another condition to get their bonus interest rate. ****.
On top of their other conditions which I could manage, I couldn't guarantee that my Savings Maximiser balance would increase the following month.
Ah well, all good things come to an end. It's disappointing but time to move on and I just happened to find little known MyState Bank. The offered the same bonus savings rate (1.35%), and their conditions were less demanding (% card purchases and depositing $20 a month instead of $1000). Brilliant, sign me up!
But then 2 weeks after I opened accounts with them, MyState cut their savings rate to 1.2%!
That being the case, I may as well just use ME as my main account since they had 1.2% savings bonus as well, for only 4 card purchases.
Then whaddaya know? ME are now getting taken over by BOQ. **** that. On top of which I hadn't noticed their rate went to 1.!%
I spent 2 hours trawling over HSBC's new Global Everyday account to fin the 2% cashback on card purchases wasn't worth it.
The good news was that AMP had a 0.85% savings account with no conditions. They subsequently added a 0.4% with an easy $250 deposit.
The good thing about AMP is that like ING and ME, use can use any ATM. None of this BS free for using the big 4 ATMs or 10,000 available ATMs. Every single one.
All of this while enquiring about Bank Australia, BankVic and Beyond Bank.
This big OP without discussing the transformation of how I go about everyday spending, which has transformed due to my discovery of micro investing. Now I really care about the 50c I save on yoghurt when it's on special. I'll save that for another post though.