Jump to content

Welcome to the Sorted community forum! Please read our house rules and help us keep this a safe space to talk money.


  • Content Count

  • Joined

  • Last visited

  • Days Won


KEW last won the day on February 10 2018

KEW had the most liked content!

Community Reputation

2 Neutral

About KEW

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. KEW


    Hello RichLife and Ford, thank you both very much for your answers. I am glad you think my idea of a two different banks is an ok one. RichLife - Yes - I did consider the Index funds idea but I got the impression that money put in those should be in for 5 years or more and I am in a bit of a change phase in my life at the moment and don't want to tie up funds for that long. Yes - dividing up into $20K bunches sounds good, if a bit administration heavy! - but I can see your point. I do want/need emergency funds. Ford - Luckily I have no debt. And yes - your comment "Put the bulk of the money in the safest place you can for short periods of time until you decide properly what you will do with it." is exactly what I will do. From Kirsty
  2. KEW


    I have $200,000 that I want to put into 2 term deposits. This money is all the savings I have in the world and I want to keep it safe. I am considering putting $100,000 into one bank's term deposit(ANZ), and the rest with another bank (Kiwibank) - with the idea if one bank falls over, at least I will have money in the other bank. Is this daft?!! or not such a bad idea.