XTBs have launched Floating Note Rates for all investors – here’s our chat with CEO Richard Murphy on the latest new product.
Floating Rate XTBs give you access to a high interest alternative to “at-call” cash accounts. They provide regular income from some of Australia’s leading banks, with all the ease and flexibility of being traded on ASX. Current Yields are highly competitive against interest rates from “at-call” cash accounts or SMAs. Unlike a bank account, Floating Rate XTBs have no break fees or bank account paperwork, making it easy to invest through OpenMarkets, just like shares.
Access: Select which bank you want to increase your income – AMP, Bank of Queensland, National Australia Bank, Suncorp-Metway
Transparency: Buy and sell on ASX through OpenMarkets, just like shares
Income: Yields range between 2.96% and 3.32%