ANZ accused of running an online scam
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The leader of a seniors computer club not only thinks that the ANZ Investment Account is too complicated for seniors but even suggests that it might be a SCAM. In fact nothing could be further from the truth as the simple very low cost online investment account offered by the ANZ is basically nothing more than an online savings account returning a high rate of interest.
Over the last eight weeks such an account has returned over 10% profit on an investment which converts to a stagering 70% per annum. So a $1,000 deposit in the account at the beggining of August would have grown to $16,580 eight weeks later at the end September.
The ANZ account is invested on the Australian Stock Exchange (ASX) and reacts to the daily movement in the markets. Nobody would suggest that stock markets will rise by 70% by the end of July next year but many believe that it will have risen by up to 25% with the market possibly as much as 20% higher by the end of this year.
In short the ANZ Investment Account is a low cost, simple to use online investment account which can be opened on for as little as $1,000. Money can be paid in or taken out at any time. It is actually easier to use than an online savings account but a whole lot more profitable.
It might be too expensive and confusing to employ a Stock Broker and you might not have the thousands to invest that would interest the broker to work for you so this is a very attractive option. The perfect option for seniors online with a few dollars lying around.
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