Comments on: What would you like in a savings account? http://www.wearelistening.com.au/2009/01/what-would-you-like-in-a-savings-account/ Companion Credit Union Blog site Fri, 13 Aug 2010 04:12:06 +1000 http://wordpress.org/?v=2.8.6 hourly 1 By: Mark Bramley http://www.wearelistening.com.au/2009/01/what-would-you-like-in-a-savings-account/comment-page-1/#comment-34 Mark Bramley Mon, 05 Jan 2009 02:35:09 +0000 http://www.wearelistening.com.au/?p=172#comment-34 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 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

]]> By: J Preston http://www.wearelistening.com.au/2009/01/what-would-you-like-in-a-savings-account/comment-page-1/#comment-33 J Preston Sat, 03 Jan 2009 06:20:24 +0000 http://www.wearelistening.com.au/?p=172#comment-33 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. 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.

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