Unlocking the Secrets of Savings Accounts: How AI Legalese Decoder Can Simplify Complex Legal Terms for Consumers
- June 6, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Seeking Information on Opening a Personal Savings Account Alongside a Joint Account
Greetings,
I am seeking some clarification on the possibility of opening a personal savings account alongside a joint savings account with my partner. Currently, we have a total of 250k deposited in our joint account. Would I be eligible to open a separate personal account with the same bank?
The current interest rate offered on the joint account is 5.4% for balances up to 250k. I am interested in exploring the option of having a separate personal account to maintain at this competitive interest rate.
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Why don’t you read your bank’s website and find out buddy
You should be able to do 3
* Homie 1
* Homie 2
* Homie 1 & Homie 2 (joint)
Remember in the joint account the income tax obligation is split 50:50
May vary by bsnk. It’s possible with CommBank and ANZ.
I assume this is AMP based on the 5.4%
Their [TnC ](https://www.amp.com.au/content/dam/amp/digitalhub/common/Documents/Banking/Forms/amp-saver-account-rewards-rules.pdf)say you can only have the bonus interest paid to 1 account, not sure if they actual check though.
Rabobank are doing 5.75% intro rate if you don’t mind juggling between accounts.
Contact your bank and ask them?
Which bank?