Right now banks are giving away free cash. Yes, you’ve read correctly. Banks are usually pretty good at taking our hard earned cash so it definitely comes as a pleasant surprise to learn that some are doing the opposite and giving money away.
What’s the catch I hear you say? Well, apart from a little time required by you, there isn’t one. To get the free cash deals it will mean that you’ll need to switch products or open a new account but chances are by doing so you will be financially better off, so what have you got to lose?
Here’s a look at how you can cash in on this bit of banking goodness.
If you have a savings goal for 2013, then now is the time to open an online savings account. Just for doing so, you could be $2013 richer. ING Direct is giving 120 lucky new Savings Maximiser customers the chance to kickstart their savings – but be quick! You have until March 24. See here for details >>.
If you are in the market for a new home loan or want to refinance to save on interest, in addition to its already low rates Greater Building Society is offering $1500 cash back on all new home loans more than $200,000.
The Greater’s two year fixed packaged (Ultimate) home loan rate is 4.99 per cent (comparison rate of 5.75 per cent). Its basic (Great Rate) variable home loan rate is 5.69 per cent (comparison rate of 5.75 per cent). Check it out >>
Apply for a low rate or low fee credit card with the Commonwealth Bank before May 3, and $50 cash is yours.
With most credit cards having interest rates of 19% or more, switching to a low rate card can be a great way to save on interest. By switching from a credit card with an interest rate of 19.99% (annual fee $75) to a low rate card at 12.99% such as the Commonwealth Bank Low Rate Card, on a balance of $3000 you would save $981 in interest and fees over 3 years.
Now, $50 cash back is a definite bonus but we highly suggest you do a credit card health check before switching credit cards. The key is to reduce both the amount of debt you have and the amount of interest you’re paying.
Save cash everyday
The mozo site is full of tips and super easy online tools and calculators to help you save on your everyday money. From home loans, credit cards, travel insurance and more, head to our website and start putting cash back in your pocket!