what type of bank account should I get? (1 Viewer)

[Dr. Oyster]

I'm 16, and about to open a bank account cause I'm about to get a job and have no idea where.

Which bank is the best?

I'm looking for one with no monthly fee and free unlimited ATM withdrawals/deposits.

Any help would be much appreciated.

 

[Scissors]

arab bank.

 

[aimhigh10]

bank west has pretty good accounts + interest free deals

 

[superelizabeth]

ANZ progress account.

 

[aimhigh10]

ANZ progress account.

no, dont get that
i have an ANZ progress saver account
and if you make a single withdrawal, you dont get any interest, like $0.02
and you have to put in more than $10 or you dont get interest either
but if you put in more than $10 and dont make any withdrawals, then you get around $15 interest, depends on how much money you have in it

im thinking of changing to bank west, because their deals are so much better

 

[Scissors]

guys, arab bank is the shit.

 

[aimhigh10]

guys, arab bank is the shit.

umm i have NEVER heard of arab bank
info?

 

[Scissors]

umm i have NEVER heard of arab bank
info?

http://www.arabbank.com.au/

 

[aimhigh10]

http://www.arabbank.com.au/

hmm i still choose bank west

 

[aimhigh10]

HAI aim HI teNNNNNN

wow that was understandable





and Dr. Oyster, remember you need to get a tax file number

 

[Scissors]

hmm i still choose bank west

RRRAAAAACCCCCCCCCCCCIIISTTTTTTTTTTTTTTTTTTTTTTTTT

 

[aussie-boy]

You need to open 2 accounts:
*An everyday savings account with keycard access for spending and for your employer to deposit into. I recommend the Commonwealth Bank Youthsaver (since there are ATMs everywhere so you will never be charged fees for withdrawals. There are 0 fees at all while you're a student, but you won't earn any interest on accounts like this.
*A high interest internet savings account such as ING Savings Maximiser with an interest rate of 6%+pa - again, no fees, and you can easily transfer money between it and your other account over the internet within 1 day

 

[Darnie]

i had an ANZ progress saver then i changed to a student debit account or something, no fees, unlimited ATM withdrawls, 5% p.a. first 3 yrs, 3% p.a. after that. works well for me

 

[lala2]

I got an NAB student account with NAB iSaver. As you're a student, you won't get any transaction fees regardless of which bank you're at so that's not a problem. The main thing is getting yourself an online high interest savings account, i.e. one you can link to your main transaction account (i.e. the student account where you can w/draw from ATMs, EFTPOS, write cheques on it, etc). Those are usually free as well, but it depends how often you want to transfer money between those accounts and whether they allow direct credit (i.e. direct deposit of salary into it).

Because my money wasn't used for substantial living expenses (as I'm living at home), I chose the iSaver because at that time, it had the highest interest rate I knew of and it allowed direct salary deposit so I didn't have to waste time transferring money between accounts (the transfer was immediate).

 

[xJennax]

I just changed from a student Commonwealth account to two ANZ accounts. I got the 'ANZ Access Advantage' account. I also got a Progess Saver and you only need $10 to start that. You get more interest if you deposit but don't withdraw. I got internet banking and had them both linked up so I can just transfer money into the Savings account, you can choose to desposit any amounts or set up automatic transfers.

 

[Scissors]

Citibank is the best ever. No charges on any withdrawls from any atms and super awesome winrar maximo powars.

Also if you put your wages into the account they don't charge you.

arab bank is better.

 

[Scissors]

Arab bank is shit compared to Citibank.

but as far as honesty goes with banks, arab bank is pretty high up there.

 

[fernando]

comm net bank account

 

[tania O]

I'm 16, and about to open a bank account cause I'm about to get a job and have no idea where.

Which bank is the best?

I'm looking for one with no monthly fee and free unlimited ATM withdrawals/deposits.

Any help would be much appreciated.

GO WITH ST.GEORGE ITS THE BEST ITS A YOUTH FREEDOM ACCOUNT =]

 

[fernando]

http://www.arabbank.com.au/

hmmmm these guys actually offer more interest that comm bank! arab does 7.2 and commonwealth does 5% (used to be much higher) .. i wonder if they'd match it? they usually do. o0o0o0o0o