Sally Tindall

speaker
491 appearances 5 recordings 3 series first heard Apr 2022 last heard 30 Jun

Sally Tindall’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 2 in all, peaking in Jun 2026 with 1.

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One or two, here or there, but across the board, we're seeing just the banks pass it on in full to their variable borrowers.
More fully.
Yeah.
For savers, it's a very different story.
We are seeing banks come out and announce that
that they're passing on the rate hikes seemingly in full, particularly to those bonus saver accounts.
But then when you get into the fine print, what we find is that the rate hike is applied to the bonus rate of those savings accounts and the base rate, when you don't meet those monthly terms and conditions, those base rates aren't moving a muscle.
And certainly that's what we saw in the latest round of rate hikes in March, is that the big banks passed it on to all of their bonus saver accounts
In full, looks good.
Some of them are, you know, looking like what, they're close to 5% in many cases, those rates.
But the base rates, CBA's goal saver, right?
Their base rate at the moment, 0.25% if you miss those monthly terms and conditions.
So if you don't meet the monthly terms and conditions every single month, you're not getting a rate hike at all on your savings account.
I actually don't have that data handy.
I would say it's the Goldsaver account for CBA and Westpac Lifesaver.
They're some of the bank's most popular accounts.
I would say bonus rate savers.
are incredibly popular, but I don't have the split handy.
What I do know, though, is that for those savings people that have a bonus saver account, 41% aren't meeting the monthly terms and conditions every single month.
Almost half of people with those, yeah.
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