St. George Bank Direct Saver - 6.15% p.a at Call (From 10 May 2010, New Account Only)

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directsaver.com.au

• 

  muzzamo on 09/05/2010 - 17:20

  -1

  I'm so sick of bonus rates. Are we expected to sign up for a new account with a different bank every 3 months or what??

  • 

    cloudstrife23 on 09/05/2010 - 21:57

    +1

    Isn't that the whole point. Banks are competing for everyone's money. How else do you expect them to fund the loans they give to their customers. Did you vote neg on this because you can't be bothered to monitor your finances? However I do agree with the comments below about not giving existing customers any loyalty rewards. PS - i do not work for a bank.

• 

  Chinotto on 09/05/2010 - 17:24

  How long will this bonus rate goes for??

  • 

    patientvalue on 09/05/2010 - 18:44

    website states it lasts for: four months.

• 

  aussiedogga on 09/05/2010 - 19:54

  +2

  'New customers only'… what a load of crap. Been a customer of St Georges forever, and waiting for their online savings interest rate to rise, then its only to new customers. Good one St George.

  • 

    vsia2165 on 09/05/2010 - 20:33

    the interest rate rise affects everyone
    but the fixed bonus 1.55 is only for new customers which i find ridiculous.

    I work for St George and i get complaints like that quite regularly "how come loyal customers are disadvantaged?" in the back of my mind i think go to UBANK! 5.85%!

    • 

      [Deactivated] on 09/05/2010 - 21:27

      +1

      So if I cancel this account after the bonus period, is there any conditions that stop me opening another in say a months time, since the banks do this regularly? On is there some clauses that prevent or limit this. Your help here would be great.

      I voted this up because our Ubank friends have now decided not to match these teaser rates like they did before.

      Now I am waiting for AMP bank, as they let old customers get this rate as long as they increase their deposits, admittedly by $5000 but at least it can be done.

      And frankly moving funds into St George from uBank gets a better interest rate for 4 months, then I can put it back to uBank, if I dont have another intro account to rotate to.

      • 

        vsia2165 on 09/05/2010 - 22:32

        i also get this question quite frequently.

        The bonus interest is only for new customers and for those who have never held this account.
        If customers ask is there anything i can do.. i advise them that we have another account direct saver (6%) or power saver (5.75%) usually they don't care about the 0.25% different.

        Doesn't really make a difference unless you have 10,000+ or much more

• 

  so_fetch on 10/05/2010 - 01:21

  +1

  how does this promote customer loyalty? in terms of banks, customers think with their feet, or in this case, fingers. I'll be happy to move my funds elsewhere.

• 

  snappy1234 on 10/05/2010 - 12:29

  Thanks for heads up,

  Just called and they have agreed to match this rate for existing account
  (will be moving back from Ubank)

  Must be a good client ;)

  • 

    [Deactivated] on 10/05/2010 - 13:57

    Now that's interesting - who did you call? TIA

    • 

      snappy1234 on 10/05/2010 - 21:14

      Ozpete 13 3330 Just the normal number- spoke to them last week luckily was too busy to follow up
      as was 6% last week :)