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What if the RBA cuts rates?

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Captain Goodvybes

2,269 Posts.

20

01/11/16

16:17

Post #: 20287127
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Originally posted by mefish ↑

Seems a pretty low interest rate for our cash. 2.3%? Could have been investing $1 000 000 every 8 days in a 3 month term deposit at 2.7%. After 3 months, every 8 days one of them will have expired, giving access to cash if needed or if not reinvest, only another 8 days before the next one finishes. Maybe not much, but would be an extra $35 000+ a year. Could be wrong but seems to me they could be doing a lot better.

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What if the RBA cuts rates?

RUM Price at posting: 2.0¢ Sentiment: None Disclosure: Not Held
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