[committee] Alternative Investment Account

[Andrew Adamson]

Why would we be making any withdrawals out of the cash reserve 
account - that money shouldn't be touched without a general meeting.

Could somebody link-to or send a copy of the currect account terms to the 
list, as I suspect the real problem is that Westpac has changed the terms 
such that you need $10k in the account before interest is earned.

Andrew Adamson
bob at ucc.asn.au

|"If you can't beat them, join them, and then beat them."                |
| ---Peter's Laws                                                        |

On Fri, 6 Sep 2013, Sam Moore wrote:

> 
> To paraphrase [NEO]:
>   - If we make any withdrawals, Westpac will lower the interest rate
> 
> To answer [DJA]:
>   - [SAS] will ask the guild and get back to the lists!
> 
> [SZM]
> Pretending to be useful
> 
> On Thu, 5 Sep 2013, Matt Didcoe wrote:
> 
> > Ignoring the interest rate for a second, can I ask what is so restrictive
> > about Westpac that makes it a bad choice?
> > [MRD]
> > 
> > 
> > On Thu, Sep 5, 2013 at 4:35 PM, Daniel Axtens <danielax at gmail.com> wrote:
> >       My inquiry is as follows:
> >  - What stops the guild taking our money and not giving it back? ISTR that
> > the guild retained the power to disaffiliate clubs and take their $$$.
> > 
> > [DJA]
> > 
> > On 05/09/2013, at 4:55 PM, Mark Anderson <markanderson1993 at gmail.com> 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]
> > 
> > 
> > 
> > 
>