What really boils my blood...

[Snowie Meli]

BANKS! SCUM SCUM SCUM BANKS!

During the period that the RBA were cutting rates, we were LUCKY if the banks passed on all or most of the interest rate cut. Well that didn't get to me to much, I was happy to let it slide…

BUT NOW!! Now that the RBA is increasing the cash rate, the scum bags (granted only Westpac so far, but rest will probably follow suit) have increased interest rates by almost double the rate rise from the RBA!!

Seriously scum bags! Its win win for them. It really gets under my skin!

[ 02. December 2009, 09:01 AM: Message edited by: Snowie Meli ]

[Vet]

Credit Unions never get bad press.

Btw, the Law Institute referred systemic problems to a bank and, as the banks ignored the Institute, the bank decided to pony up all this money lest the FOS investigate those systemic problems (which have costs passed onto borrowers). So don't get made, get even :D

[spaz]

B B B B basketball!

The exact reason we decided not to get a home loan, prefer to deal with a Real Estate agent and pay rent.

Even better, now we don't deal with a Real Estate but a fellow snowatcher.

[D-Dog]

banks still have to pay a lot for their funds...

...is what you will hear them say before they announce their $2 000 000 000+ anual profits and then charge fees to use our money.

most overseas banks dont charge fees cause there is much more competition, they just work off the margins between deposit rates and lending rates. we need more big banks.