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Immunised from Banking Lurgy? Ep 335 David Tripe

NZ Everyday Investor

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The Importance of Banking Reviews

Right now, we're recording this in March, sorry, April 2020 and term deposit rates are somewhere in the mid to low fives across the range. So that's quite a significant bump up in terms of what you can get yet in the on-call savings accounts. Do you feel it's warranted then to get Commerce Commission involved doing banking reviews? Or do you think that's a little bit over the top? I'm probably reluctant to give too much of a view on that. Now I certainly want to see the banks being fair. But the best way of assessing their fairness is to have some proper investigation.

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