The only interest the big banks care about this xmas is their own
They were quick to put the rate up more then the reserve bank rate rise , but they don't want to put it down over xmas cause it may affect their xmas bonus

Quote:

Originally posted by ian.mezz The only interest the big banks care about this xmas is their own They were quick to put the rate up more then the reserve bank rate rise , but they don't want to put it down over xmas cause it may affect they xmas bonus

Stating the obvious Mr Mezz, why others (I already do) don't deal with the building societies etc that treat us fairly is beyond me, Happy Christmas to you Mr. Mezz and the scruptios Rose and all the other people on here. That's from me not the banks.

Rates up or down doesnt worry me but has anyone thought of the self funded retirees who need high rates of interest on their cash accounts. Alot of people on here would also have shares in at least one of the big 4 (thru there super)

this is a good read

http://www.businessspectator.com.au/bs.nsf/Article/Bashing-banks-for-a-rate-c...

a bank i deal with is ME bank its cool
it passed on the whole shebang! which is not unusual
I just deal with them on the phone n fax or post off app forms when I feel like it,
+ not making an appointment with sone overpaid bank manager who most ppl would lick up to.. who has the time anyways
id like to know what the big banks ROI is?
anyone here know?
then we may see if the 'super' profits justify for the shareholders
at a time when a lot are hurting being a greedy bank with your $ just doesn't cut it
timing is everything n unfortunately with xmas here it isn't gunna do the banks any favors (as usual)

Higher Interest rates are good for those of us with money in the Bank
I want 15%

Bear in mind though, 'bank' IS a 4 letter word.

I mean if you don't like someone, dont you call them a 'bank'? (as in "ah, your a bank" - huge insult I reckon) :-)

just to throw a spanner in the works.

The large amount of reserves that the banks are currently holding certainly helped us through the last GFC - that and the government economic stimulus package and the Reserves rate cutting.
My opinion is another GFC is comming.

I would rather have our 4 major banks than the tin pots in USofA or most of the European ones

^ yep
ATM in eastern Europe, Latvia, the major bank in the country has faltered with all of the ppls savings gone, all the pensions paid from the govt to the pensioners gone n as ppl tried to pull there $ out of the bank they put a max withdrawal limit on them around $250 or something like that nominal amount to try n keep what's left of it afloat
just imagine the KHAOS if they came here
I feel we are in GFC # 2 but the numbers to be measured haven't caught up just yet
Merry Christmas everyone

Banks have one problem greedy CEO's that have their wage hooked up to share performance and profit margins they do not give a you know what about punters that borrow money they just concentrate on shares & profits and their final payout of millions.
I agree with others comments go with building societies non profit if you can run by unions or groups like teachers or police

Hi

Having paid 13.5% capped and upto 19% uncapped in the past, I think borrowers are getting a good deal. I would rather have safe banks than be like some overseas countries.

Steve

stuff having all the money in banks , who says they are doing the right thing with it.
try getting a loan with no job .
the world needs cash flow.

Unfortunatly we live in a capitalist society, bussiness needs to make a profit, we just have to put up with it, we are a lot better of currently that a lot of other countries but that will remain to be seen for how long

Quote:

Originally posted by donn Quote: Originally posted by AA003 Quote: Originally posted by Poolio the VW ganster 2 I agree with others comments go with building societies non profit if you can run by unions or groups like teachers or police Their loans are usually dearer. Not where I deal, and they are profitable even after giving heaps to charities,

Quote:

Originally posted by AA003 Quote: Originally posted by donn Quote: Originally posted by AA003 Quote: Originally posted by Poolio the VW ganster 2 I agree with others comments go with building societies non profit if you can run by unions or groups like teachers or police Their loans are usually dearer. Not where I deal, and they are profitable even after giving heaps to charities, And which bank does your credit union deal with?

ANZ have just released that they will be passing on the full 25 basis point cut.

One has to ask what about the rate rises the banks have lifted rates outside of the RBA moves????

Quote:

Originally posted by h ^ yep ATM in eastern Europe, Latvia, the major bank in the country has faltered with all of the ppls savings gone, all the pensions paid from the govt to the pensioners gone n as ppl tried to pull there $ out of the bank they put a max withdrawal limit on them around $250 or something like that nominal amount to try n keep what's left of it afloat just imagine the KHAOS if they came here I feel we are in GFC # 2 but the numbers to be measured haven't caught up just yet Merry Christmas everyone