AMP Savings Rates on Website Misleading

OzyBe on 05/10/2022 - 22:06

https://www.amp.com.au/banking/savings-accounts

I see that the AMP website is showing a future interest rate for their AMP Saver account along side the current interest rates for their other accounts.

The current rate for the saver account is not shown at all.

Misleading at the very least - I haven't seen this done before. I wonder what the regulatory authorities would have to say about this?

This results in some of the third party interest rate comparison sites showing the future interest rate as being the current interest rate (I am assuming that these sites get automated updates from the corresponding financial institutions).

Financial Bank Account Savings Account

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Comments

    • OzyBe on 05/10/2022 - 22:15
      +2

      I still find the practice misleading.

    • DarrylKerrigan on 06/10/2022 - 17:08

      Still doesn't show the current rate for the saver account which was the OP's main concern.

  • happydude on 05/10/2022 - 22:23

    No.

  • jv on 05/10/2022 - 23:16

    Yes.

  • dylo on 06/10/2022 - 05:30

    Maybe

  • ozwog05 on 06/10/2022 - 06:26

    I don't know.

    • Quantumcat on 07/10/2022 - 12:18
      +1

      Can you repeat the question?

  • payless69 on 06/10/2022 - 09:29

    Someone ought to copy our beloved Gerry?

    • holdenmg on 06/10/2022 - 09:35
      +1

      I rate my interest in Harvey as Nil. lol

      • payless69 on 06/10/2022 - 11:29
        +1

        But the media celebrates him as a great hero?

        • xdigger on 06/10/2022 - 13:23
          +1

          Murdoch media mostly, but yeah Murdoch media is the majority MSM in Australia.

  • jimbler on 07/10/2022 - 22:25

    I've been misled. Who can I sue?

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