Comments on: Online Saving Banks Competing on Raising Interest Rates

By: Other Blogs You Should Read : FreeSamplesDirect - Free Product Samples

Other Blogs You Should Read : FreeSamplesDirect - Free Product Samples — Fri, 16 Nov 2007 03:28:37 +0000

[...] OzBargain OzBargin is a blog focused on both freebies and deals purely for Australian visitors. Scott has a strong following of loyal readers who enjoy the frequent posts on bargains, deals and free offers. Read his latest post on the best online savings accounts here. [...]

By: Scott

Scott — Wed, 14 Nov 2007 20:56:21 +0000

@Yan — yes it’s a bull market for Gold but pity that I’m a few years too late :(

Maybe Australian dollar? :)

By: Yan

Yan — Wed, 14 Nov 2007 20:21:52 +0000

It is a different story here in the US. We just had the fed rate cut the interest last week and two banks I use lowered savings rates. Together with bear stock market and US dollar going down I don’t really know where to keep my savings. Gold?

By: Scott

Scott — Tue, 13 Nov 2007 13:08:15 +0000

but it’s the overall flow-on effects – less people buying houses, more people selling houses

It’s an assumption that does not always work though. The price is still driven by supply and demand and no where near a closed market. I have heard many stories from friends where their friends with rich parents overseas buying up residential properties in prime locations left and right with cash…

By: Jonk : Bargains

Jonk : Bargains — Tue, 13 Nov 2007 12:58:10 +0000

I’m affected in a good way. My savings account will go up, which is nice.

but it’s the overall flow-on effects – less people buying houses, more people selling houses which is most in my interest. I’m nowhere near entering the housing market (and when I do, it will most likely be as an investor) so the less prices rise, the better.