Tuesday, 23 March 2010

Westpac - How to lose friends (and customers)

News today that Westpac, the bank that turns a $17.5 million profit every day of the year, is about to charge its customers interest on their interest. That’s after they it jacked up their variable home lending rate by 45 basis points last December when the Reserve Bank raised its cash rate by only 25 basis points.

Time to switch to a Credit Union I reckon

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