Comments on: Australian Banks Charging Customers Increasingly Higher Interest Rates

By: Australian Non Bank Lenders To Consolidate Further : money-au.com.au

Australian Non Bank Lenders To Consolidate Further : money-au.com.au — Mon, 29 Dec 2008 04:33:18 +0000

[...] players are disappearing, leaving a distinct lack of competition in Australian banking, and the results are showing on interest rates. Australian Banks are charging their customer higher interest rates today than they were seven [...]

By: Non Bank Lenders To Be Squeezed Out Of Australian Mortgage Market In 18 Months : money-au.com.au

Tue, 09 Dec 2008 11:55:32 +0000

[...] lack of competition means an increased interest rate for consumers and in fact though the official short term interest rate stands at 4.25 per cent, which is exactly [...]

By: MisterX

MisterX — Sat, 06 Dec 2008 11:09:53 +0000

About time there was a true Community Bank and I don’t mean the Bullshit Bendigo Bank of which has higher rates than most other banks. I mean a truly not for profit bank run by Directors/Managers whom only get paid normal everyday wages capped to the CPI (Not these grossly excessive Corporate earnings everyone expects to get) Only then we would truly see a fair market Home, Business and Credit Card rates. Possibly a Government run Bank that delivers what they keep preaching ‘Lower Rates’ and then they can pass on the full RBA cut’s without grandstanding. The Governmenyt keeps telling the big banks to pass on the full rates or else ‘or else what’? you won’t get invited to dinner!!!
I am sick of my bank sticking rates up immediately by more than the RBA’s and then waiting forever for them to pass on less than any RBA’s cut.