Big four banks in profits gouge

The big four banks are finding other ways to gouge customers

Banks withhold interest rate cuts

The Reserve Bank announced a 0.25 per cent interest rate cut yesterday, Tuesday 4 December 2012. The big four banks chose not make an announcement as to whether or not this rate cut would be passed on to customers, a decision which would have been made and announced promptly in the past.

People power

Interest rates are on the rise and the big four banks are taking no prisoners. Depending on which financial institution you bank with, your rate could have increased by as much as 10 basis points in the last week. This is despite the Reserve Bank of Australia (RBA) maintaining the cash rate at its last meeting.

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