Читать книгу The Barefoot Investor - Scott Pape - Страница 29

Back in 2016, for high-interest online savings accounts I used ING Savings Maximisers that were linked to my ING Orange Everyday account.

I want you to set up two of these accounts — and again I want you to give them nicknames. Call one ‘Smile’ and the other ‘Fire Extinguisher’.

(WTF, Barefoot! These names are getting crazier by the minute! Trust me on this and I'll explain all in Step 2.)

Here's a screenshot of my set-up.

By the way, with these online saver accounts I am not a ‘rate tart’. I have no interest in switching accounts every time some other institution offers a piddly 0.15 per cent extra interest. It's just not worth my time.

(You may have more time on your hands, perhaps because you live at home with your mum and she does your ironing and plaits your hair, leaving you free to pore over spreadsheets on a Saturday night. If that's you, feel free to check out comparison sites like RateCity, Mozo or finder.com.au, where you can usually find bank accounts paying a bee's dick — another finance term — more interest than the one you have chosen.)

In summary:

Zero fees. Good interest. All in one account.

Simple.

In any event you'll notice that I deal exclusively with online banks for these accounts. There's a reason for this: they do better deals because they've got lower overheads.

Plus, they're fighting against the Big Four, who rely on a mixture of apathy and a reputation for safety (which is rubbish, because the government guarantees all deposits — up to $250 000 per financial institution — for all local and international authorised deposit-taking institutions).