Interest rate advice

[slider_phil]

That's a good rate!

UBank with bonus interest is currently at 2.1%

Nothing special but considering the state of the economy at the moment I’ll take it. Would be better off invested in some ETFs but I’ve got a pessimistic view of the next few years and want to keep cash on hand just in case.

 

[droenn]

If you're getting no reward for your savings...do something with it. You can spend and enjoy it or invest it in non-savings methods.

I started playing with that Acorns (now Raiz) app about 15 months ago. Just putting $5 a day in, and rounding up daily transactions. It quickly adds up - and getting much more back than savings (although haven't withdrawn anything yet to get taxed, so no idea what it actually comes to).

I might look into investing properly at some point, but this is fun and the big banks hate it https://www.savings.com.au/savings-...nwealth-bank-of-threatening-fintech-customers