WBC westpac banking corporation

gov guarantee of bank deposits should end

  1. 3,648 Posts.
    Don't see why Westpac should get away with a rate rise almost double the RBA's. Seems with no competition (WBC is now being the biggest lender), WestPac can do whatever it wants!

    I'm not with WBC, but if I were it would be the last straw - I'd find someone else to do my mortgage with - one of the credit unions would be fine - after all the the GFC is over - at least according to the RBA!

    Perhaps its about time the government guarantee on retail deposits was lifted or at least extended to second tier lenders? What do ppl think?

    I think consumers are being ripped off and the powers that be like it that way!
 
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