What would you like in a savings account?
We’re building stronger products for our members and future members through feedback and discussion.
A good savings account is a great place to hold your hard earned money and watch it grow. Well-managed it can become the starting point for your first home, car, holiday or children’s education. Its simple banking product but can be very important to your future.
So we’d like to know what you’d like to see in a savings account. What features, facilities, service or other suggestions would you like in the next generation of Companion savings account?
Leave us a comment, we’ll take it on board and see what we can do.
Mark Bramley
Executive Manager, Member Services
January 2nd, 2009 | 2 Comments »
2 Responses to “What would you like in a savings account?”
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January 3rd, 2009 at 5:20 pm
I’d like to see a savings account that delivered high interest but doesn’t punish me for making withdrawals each month. Most banks seem to think this is giving the customer the best of both worlds but it seems reasonable to me. I think self funded retirees would like this sort of facility too given the current investment climate.
January 5th, 2009 at 1:35 pm
I am often contacted by people saying why can other financial institutions offer such high rates of interest on their accounts. Unfortunately I have to refer them to the fine print of those institutions which most people don’t necessarily read or see. Interesting I saw one institution offering interest rates as high as 10%pa but if you didn’t meet their requirements each month the rate paid was 0.01%pa – that’s some reduction or punishment as you have described!
Without product pushing I’d encourage you to review our Savings Direct Account. It pays interest on the entire balance monthly and doesn’t penalise you to withdraw/transfer money.
Keep the suggestions/feedback coming…
Regards
Mark Bramley
Executive Manager, Member Services