NEWS BITES

Money Magazine Australia - - NEWS & VIEWS | THIS MONTH -

You can now in­vest in US shares with just $50. Stake, an online bro­ker that of­fers ac­cess to the US share­mar­ket, has low­ered its min­i­mum in­vest­ment amount from $500 to $50. ING has in­tro­duced a trans­ac­tion ac­count aimed at teens. Avail­able for those aged 15 to 17, the Or­ange Ev­ery­day Youth ac­count has no monthly fees. Any ATM fees in Australia and overseas will be re­bated, and the same goes for trans­ac­tion fees on in­ter­na­tional pur­chases. Teens who link their ac­count to ING’s Sav­ings Max­imiser will get 2.80%pa in­ter­est on their sav­ings. A new travel insurance prod­uct has hit the mar­ket and it will pay claims in “real time”. With Real Time travel insurance from Trav­elCard you buy a pol­icy and a card is posted out to you. If you lose your lug­gage, you have to reg­is­ter it with your car­rier and the lost lug­gage de­part­ment at the air­port, and then con­tact Trav­elCard. Within a mat­ter of min­utes funds to pur­chase emer­gency items will be placed on your card for you to with­draw un­til a lost lug­gage claim is able to be made.

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