Lotto winner living off savings account interest

Tuesday 04 August 2009

Article by Mozo

A lucky Kiwi has revealed his plans for a dream career – a job in a fast food restaurant.

New Zealand Lotto winner James Green is taking advantage of high interest savings accounts by not touching his actual prize money.

He has put it in a savings account and is now living off the interest, while still staying with his brother.

The 36-year-old was laid off from his welding apprenticeship just weeks before scooping the $397,600 prize.

However, he has now declared himself bored of lazing around the house and stated he intends to take on an "easy" job, such as one in McDonalds, Burger King or a supermarket.

"I haven’t bought anything with it, [I’m] just living off the interest," the Kiwi said of his winnings.

Meanwhile, Australians who are not fortunate enough to have lottery winnings to live off of were yesterday advised by to shop around for the credit card that suits them best.

This article is brought to you by Mozo – Helping you compare bank savings accountsADNFCR-1761-ID-19296825-ADNFCR

Compare today's top savings accounts

Back to top