W, arniei posted this on h/c the other day...not a bad option...

W, arniei posted this on h/c the other day...not a bad option for 3 months @ 8% until the market settles.....nothing fantastic in profits but at least its earning without issues to contend with...beats standard rates most others are offering currently.

copy of post:

looking for a "safe" option to park some cash while the air clears in the market for 3 months?

May have found a solution for you.

Its not a gold mine but an option to consider.

U BANK run by NAB..I hadn't heard of them, maybe you have.

Someone may find this an alternative to trading for a bit.

i know some on H?C were looking for safe alternatives, this is just one.

Pretty good rates considering the market situation and rate cuts happening and NAB backing.

http://www.ubank.com.au/home/index.html

Of course the rates are not huge but for some playing in the market at least you will be guaranteed a few bucks.

Good luck,

Dumper