10 celebrity gifts you won't be getting this Christmas

10 celebrity gifts you won't be getting this Christmas

With the season of giving upon us you may be feeling more generous than usual when purchasing gifts for your loved ones. But chances are you’ve never felt as generous as these celebs.

To celebrate the holiday season RateCity has compiled a list of ten of the most expensive celebrity gifts ever given. But remember, it’s the thought that counts so don’t go digging into your savings account just yet.

One

A helicopter – Angelina Jolie bought husband Brad Pitt a $1.6 million dollar helicopter and flying lessons to compliment the new heli-pad at their mansion. The occasion? When you have as much money as these two there’s no occasion needed.  

Two

Crystal-encrusted baby bath tub – Singer Kelly Rowland purchased the extravagant tub for almost $5000 to give to bestie Beyoncé before the birth of her first child Blue Ivy. Keeping in mind that Beyoncé has some of the richest friend’s in America we imagine it would have been one hell of a baby shower.

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Three

Bugatti Veyron Grand Sport – Beyoncé herself is quite the giver, purchasing this $2 million dollar car for her hubby to commemorate his 41st birthday. What do you get for the man who has everything, right?

Four

Fully functioning playhouse – One for the kids, Suri Cruise was gifted a $24,000 two-story playhouse by mum Katie Holmes for Christmas. The playhouse included a fully functioning plumbing system and electricity and was certainly not from the local toy store.

Five

Customised Birkin bag – For Kim’s birthday last year Kanye gifted her a $16,000 Birkin bag customised by their two-year-old daughter North. The bag featured a once off finger painting by the young artist that is truly priceless.

 

Kim Kardashian

Six

Bulgari necklace – Whilst jewellery is a common gift exchanged between partners $8 million necklaces are a little rarer. Unless you’re a Beckham of course. David gave his wife Victoria the extravagant piece for Valentine’s Day as the ultimate expression of love.

Seven

Lamborghini Spyder – Diddy proved to be a man of his word when he gave the $200,000 car to Justin Bieber for his 16th birthday. He had reportedly promised the car to the then teen when he was old enough to drive and true to his word handed the keys over for the occasion.

Eight

A mansion – Taylor Swift gifted her parents a mansion in Nashville, Tennessee for $1.4 million showing her generous side. With Swift’s earnings for 2015 at approximately $100 million the purchase would have hardly made a dint in the star’s bank account.

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Nine

Cartier Trinity ring – Keith Urban bought wife Nicole Kidman the $73,000 Cartier Trinity ring to celebrate the birth of their first child Sunday Rose. The ring was reportedly symbolic of their expanding family with the three entwined bands representing mum, dad and baby.

Ten

A trip to space – One of the wackiest celebrity gifts has to be Katy Perry’s gift to then hubby Russell Brand. Perry paid $200,000 for a ticket to space on the Virgin Galactic maiden voyage. Perhaps not something on everyone’s Christmas list this year (or ever) but an extravagant gift nonetheless. 

Katy Perry and Russell Brand

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What is a savings account?

A savings account is a type of bank account in which you earn interest on the money you deposit. This makes it one of the easiest and safest investment tools.

Can you set up direct debits from a savings account?

It’s not usually possible to set up a direct debit from your savings account to cover ongoing expenses or bills, as savings accounts are structured around growing your wealth by earning interest on regular deposits, and discouraging withdrawals.

Some transaction accounts allow you to set up direct debits and also earn interest, though you may not enjoy as much flexibility as a dedicated transaction account, or get as high an interest rate as a dedicated savings account.

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Opening a savings account is a relatively simple process. If you’ve found an account with a suitable interest rate, you’ll just need to get in contact with your chosen lender via a branch, phone call or hop online to begin the process. 

You may be required to provide:

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How to open a savings account for my child?

Some banks and financial institutions allow parents to open a bank account for their child as soon as it is born, and start depositing funds to go towards the child’s future.

Children’s savings accounts generally don’t have fees, and are structured to help develop positive financial habits by limiting withdrawals, encouraging regular deposits, and earning interest on the savings, similarly to standard savings accounts.

What is a good interest rate for a savings account?

A good rule of thumb to keep in mind with savings accounts is to look for a rate that is higher than the CPI inflation rate. This number is constantly changing, so check the Reserve Bank of Australia’s page. If you aren’t earning interest above this then the value of your money will go backwards over time.

Can you set up a savings account online?

Yes. Several large and small banks offer online applications for savings accounts, and there are also online-only financial institutions to consider.

Online-only savings accounts are often less expensive than other savings accounts, though they may not offer the same flexibility, features, or face-to-face service as more traditional savings accounts.

Who has the highest interest rates for savings accounts?

As banks frequently change their rates, the most accurate way to know who currently has the highest interest rate is to use a savings account comparison tool.

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As banks frequently change their rates, the most accurate way to look at interest rates on savings accounts is to use a savings accounts comparison tool. When you look at the savings rate check what the maximum and minimum rates are. Often banks will offer you a promotional rate for the first few months which is competitive, but then revert back to a base rate which can sometimes be less than inflation. Ongoing bonus rates are often a safer bet as they will keep rewarding you with the maximum rate, provided you meet their criteria

Can you have a joint savings account?

Yes. Joint savings accounts can be useful for two or more people wanting to combine their savings to meet shared financial goals, including spouses, flatmates and business partners.

Some joint savings accounts require all parties to sign before they can access the money. While less convenient, this extra security can help encourage all parties to meet their shared financial goals.

Other joint savings accounts allow any of the account holders to access the money. These accounts can be convenient for financially responsible couples that trust one another implicitly. 

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A good rule of thumb when working out a minimum balance for your savings account is to make sure that you’ll earn more in annual interest on your savings than what you’ll be charged in annual fees.

If you’re saving with a specific goal in mind, prepare a budget so the interest you earn on your deposits will help you efficiently reach this goal. Online financial calculators may be helpful here.

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A lot of savings accounts won’t let you overdraw. Some will allow this feature but you’ll need to apply first. It’s best to read the fine print and check with your lender whether this is a feature they offer. It can be a helpful addition, but as your lender can charge you a fee as well as interest for going into negative numbers, it’s best to avoid overdrafting when possible.

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Can you direct deposit to a savings account?

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Savings accounts make you money by earning interest on your savings. The more money you deposit, the longer you leave it in the account, and the higher the account’s interest rate, the more interest you’ll be paid by the bank or financial institution, and the more your wealth will grow.

To make sure your savings account makes money and doesn’t lose money, it’s important to maintain a large enough minimum balance that the annual interest earned exceeds any annual fees charged on the account.