[committee] Alternative Investment Account (fwd)

[Andrew Adamson]

Seeing as Mark didn't CC this to committee at ...

---------- Forwarded message ----------
Date: Thu, 5 Sep 2013 21:06:17 +0800
From: Mark Anderson Social <markanderson1993 at gmail.com>
To: Andrew Adamson <bob at ucc.gu.uwa.edu.au>
Subject: Re: [committee] Alternative Investment Account

Very good question bob

Yes I am referring to the cash reserve (wouldn't dare touch the term deposit). The current plan, assuming committee gives the go ahead, is to create an account completely separate from the day to day account, with all interest going into either the everyday westpac account or the day to day guild account

On 05/09/2013, at 8:24 PM, Andrew Adamson <bob at ucc.gu.uwa.edu.au> wrote:

> I trust you're referring to the cash reserve account and not the term 
> deposit here. Moving it sounds like a good idea, especially seeing as 
> Westpac screwed us over on the interest rate just after I changed the 
> account type to reduce the fees. As for the guild banking, will it be set 
> up as an account that is separate to our daily guild account?
> 
> Andrew Adamson
> bob at ucc.asn.au
> 
> |"If you can't beat them, join them, and then beat them."                |
> | ---Peter's Laws                                                        |
> 
> On Thu, 5 Sep 2013, Mark Anderson wrote:
> 
>> Samuel Shenton and I have been investigating the possibility of closing the Westpac investment account and opening a new investment account with the Guild Finance. This is due to the fact that the guild account offers us a higher
>> interest rate (4%) with less restrictions than anything offered by Westpac Bank.
>> The current requirements for the guild investment account is to simply leave the balance above $3,000. This is easily achievable based on the current funds available, and there are also no restrictions regarding withdrawals or
>> deposits.
>> 
>> If you have any enquiries regarding the investment account please do one of the following
>> A) Send a kindly worded email with your enquiry
>> B) Smash your head against a wall until you forget your enquiry 
>> 
>> Regards
>> Mark Anderson [NEO]
>>