I'm close to setting up a Ubank account to get the 6.51% interest rate (currently with ING for 5%) and I can't seem to get over how good of a deal this is (or maybe I'm just a newbie/ignorant).
Given the state of the markets today, and the fact that if you were to invest today you'd be hard pressed to find a dividend yield of around 6.5%, wouldn't Ubank be the most attractive prospect??
I mean, this is 6.51% risk free! Yeah I know how taxes and inflation cuts into that, but again, given the possibility of losing your capital in the markets today, 6.51% is pretty damn good right?
Right?!?!? Or am I totally off the mark here, and investing in the market today (and I'm speaking generally) is a no-brainer option better than Ubank?