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What are the cost savings of a Deposit Bond?

April 26, 2017Bond COST deposit savings

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What are the cost savings of a Deposit Bond?

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The cost savings for an ANZ Deposit Bond are considerable. For example, if you were to apply for a 3-month, $30,000 ANZ Deposit Bond, you would incur only $315. Alternatively, bridging finance would cost approximately $975 (based on 1.5% application fee and 7% p.a. interest rate over a 3-month period). The ANZ Deposit Bond would save you $660.