Cash & Bonds High interest online savings account for a trust

Discussion in 'Other Asset Classes' started by Simon Hampel, 6th Jul, 2015.

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  1. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
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    12,414
    Location:
    Sydney
    I'm looking for a high interest online savings account to use for our family trust.

    We use UBank USaver accounts for personal savings - but trusts are not eligible to use these account, same with ING Direct Savings Maximiser.

    Ideally I'd want something with the same levels of flexibility that a USaver account has - such as the ability to create multiple accounts online easily and give them meaningful names.

    From what I've seen so far, it doesn't seem like such a product exists, and most "business" level savings accounts which are suitable for trusts are inflexible, don't pay good rates and have high minimum deposit requirements.
     
    Simon Hampel, 6th Jul, 2015
    #1
    Westminster likes this.
  2. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Location:
    Perth
    If you find anything I'd love to hear it.
     
    Westminster, 6th Jul, 2015
    #2
  3. Jamie_

    Jamie_ Well-Known Member

    Joined:
    18th Jun, 2015
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    Location:
    Perth
    Bank Of Jamie_ open for business
    Please PM me for Account # and BSB #
    10% rate






    for me.
     
    Jamie_, 6th Jul, 2015
    #3
  4. MIZBUF

    MIZBUF Active Member

    Joined:
    4th Jul, 2015
    Posts:
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    Location:
    North Sydney
    Have you looked at Rabo bank? They allow Trusts(also SMSF's) to utilise their flexible accounts- They had consistently been paying a better interest rate than Ubank, ING etc. but have slipped a little recently.
    I t's easy to open your Online accounts& have different designated names for them.
    They are a Dutch bank which does much lending to agriculture in Europe. They were rated in top 3 safest banks- Not quite sure where they are ATM but have a look at them for your purpose
    I have been using them for abut 6 years now for my SMSF- which is of course a Trust with no probs. All the Best
     
    MIZBUF, 7th Jul, 2015
    #4
    KayTea likes this.
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