Banks slow to pass on OCR cut

The Co-operative Bank was first out of the blocks yesterday and passed the full 25 basis point OCR cut onto customers. The only big bank to follow, so far, is ANZ which passed on 10 basis points to customers and kept the other 15 points for itself. [READ ON]

On 13 March 2016 at 10:06 pm woody2u said:

Typical of ANZ, after personal wealth first then CEO bonuses. Loyal customer satisfaction is not even a consideration. If you open new accounts they give excellent conditions; however beware most banks use this as a lure or bait to draw you in. Remain alert and attentive to the tactics used and maximize your own investments. Really they want your security not debts. Funny every business has risk; however if they can abuse your ignorance they do quite happily with out any guilt. This is fair trading by banks. Fair to whom?

Banks slow to pass on OCR cut

Friday, March 11th 2016, 7:30AM 1 Comment

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