Saturday, October 2, 2010

Secret 2% NAB don't tell you

[caption id="attachment_1746" align="alignleft" width="76" caption="Interest"][/caption]You'll notice if you have a bank loan the bank will make sure you receive a letter and also a message in your online banking plus a note in your account once any rate increases. But they won't tell you that you can get an extra 2% on your savings.

This is a kept secret by the NAB bank that you need to ask about. I found out by chance but do it regularly now to get that extra 2% on any savings.

The bank will not tell you how to get a extra two percent unless you actually ask them yourself. It's a secret the banks don't openly advertise. But if you open a new account you will be rewarded with a four month introductory rate currently 6% with NAB once the four months runs out it automatically reverts to 4%. You will not receive a letter saying it's gone to 4% or that you could come in and change it so that you get 6% again.

Here's the secret - if you go in after the four months and ask them to close the account and open a new one. Bingo you will suddenly get the extra 2% again. Though this may be a pain every four months, money's money. It all adds up!

For five minutes to visit the bank you might make 100's or 1000's more in interest if your holding cash as deposits until your next buy.

Happy Banking

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