We began with the most incredible 5% cashback promotion, before it was replaced with a pretty solid 5.5% p.a. savings account (beating any other account for a solid time there). Then they started wilting away. They dropped the rate before closing the product to new signups. And now, fully closed the bank off to new sign ups. I give it a month or so tops, before they're folded back into Teachers Mutual as legacy accounts, like Citi to NAB. It's been a nice ride guys.
Cracker of a story bro
I give it a month or so tops
@remindMeIn 30days
Maybe it's for the betterers.
The 5% cashback was awesome. Milked it for almost the $250 limit before they closed the offer. Then I didn't use any Hiver service afterwards as none of their offers were superior to what I was already receiving from other banks.
Yes, they attracted the wrong kind of customer (me, and other ozbargainers).
Whoever running it obviously has no idea how to run a company.
You don't advertise a 5% cashback deal then become confused when people are actually using the offer…
After that they failed to provide a reason someone would use their service.
I can't think of any customer owner bank that's maintained a leading rate for long.
I give it a month or so tops, before they're folded back into Teachers Mutual as legacy accounts, like Citi to NAB.
I hope so. It's sometimes much easier to call and it's pot luck whether the CSRs from the other brands will help you when you call their numbers. I would have switched divisions already if TMB didn't make you resign and rejoin, You seem upset about the pending demise of Hiver. Why is that?
BTW, I can tell you when the HSBC 2% cashback will definitely end - whenever I manage to open an account with them if it lasts that long.
There were some periods during which HSBC offered $100 bonus for opening this account as well.
Cool story.