PD
Patrick Durkin
- Melbourne, Australia
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- afr.com1 article
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- ACCC to demand proof banks are doing right by savers5 Feb 2023—afr.comBanks will be required to produce thousands of documents to prove they are not ripping off savers on deposit rates amid criticism that earnings on term deposits have not kept pace with increases in the cash rate. The Australian Competition and Consumer Commission is preparing to examine deposit rates after Treasurer Jim Chalmers flags he wants the watchdog to ensure that banks are “treating their customers fairly when it comes to savings accounts”. You have reached an article available...
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