financial institutions ? who is best

[ZJ from WA]

I have the house with bankwest bloody great rates and seem to be much more competitive then CBA despite being owned by them. i dont get it but what ever.
my card and securites are done by commsec great internet based banking much easier then bankwest

[kitrino_tj]

banks are all junk

[MelbourneOnroad]

From my observation, NAB is the only decent bank..
They are very customer focused now and are willing to help where necessary:
- NAB Care - gives you 3 to 12 months off making repayments on your home loan when times are tough
- No fees
- Only raised interest rates to the same level as the RBA (feel sorry for Westpac customers)

Their variable rate home loan is cheaper than the other Big 4 and they have just joined up with RediATM which is another win as you avoid more fees!! Yay.

CBA is shite cos theyre so big, theyre all about money now... offering you lower interest rates on term deposits and their fees are bloody ridiculous...

Next is Westpac, after their acquisition of St George, theyre just another non customer focused money sucking institution.

Yep ive been doing my research lately, cos im sick of being charged to put my money somewhere and want it to grow exponentially....

My hot tip (seems like im being paid by NAB so far ha) check out ubank.com.au (won heaps of awards last year from Money Magazine) - beats ING by a mile and ive got quite a bit of money with them now in high interest savings. Earning 6.8% in my term deposit and 5.56% in a normal savings - WITH NO FEES!! :D

At the end of the day, most people stay with the bank their parents setup for them as a kid... And every bank will tell you theyre better than everyone else, just make sure you shop around to get the best options for your self....
Anyway, just my 2cents ;)

(If you need any further financial advice, feel free to ask)

[WHHEMI]

All Banks are as bad as each other they only look after number 1.
I worked for one of the major banks for 16 years and I currently work with a Mortgage Broker whom I have been with for the last 7 years and deal with over 30 different banks.
Most of the banks have people from overseas taking their calls for them, so be careful of the information you are being given as they are only reading a script.
If it's a Home Loan you are after you are better off talking to a decent Mortgage Broker (not one who is after making the most comission) they will come to you, they do all the research of the best rates and products for your needs

Wife of greenjk
Loans Assistant for TJ White's Finance Services

[bigredtj]

Mortgage brokers just do the research any monkey can do for themselves, they get paid and dont do it to be nice you can always 100% get a better deal on your own - Yes i was a bank manager for 5 years - yes ive worked for a broker - yes i have escaped the industry as it blows goats.

[kitrino_tj]

Originally Posted by bigredtj

Mortgage brokers just do the research any monkey can do for themselves, they get paid and dont do it to be nice you can always 100% get a better deal on your own - Yes i was a bank manager for 5 years - yes ive worked for a broker - yes i have escaped the industry as it blows goats.

gotta agree with you there aza

[kitrino_tj]

the other banks seem to be in front