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29 May 2016 @ 12:07 am
Okay that's weird  
I've been shopping around tonight, looking at various savings accounts on offer, and at the last minute went back to my current bank (where I used to work) to see the rates applicable to my current accounts. My power saver rate comes up at 2.80% while my direct saver shows 3%pa. Thing is, when I click on the link to bring up the actual rate chart for grandfathered (no longer offered) accounts, both of these types of account show as earning 0.50%pa. That's a huge difference. I'm thinking that the rate chart is probably the correct one, backed by my quick calc of interest earned on each - but why are my own accounts labelled with such a higher rate? I need to ring up to clarify this *sigh* there's another hour of my life gone....

Once you start comparing different banks it gets so confusing, though. This one offers a base of 1.75% with bonus up to 2.90%pa for the first four months (good investment home loan rate, really low fees), another offers 2.35%pa with bonus up to 2.80%pa for first three months (but their investment home loan rate is awful); another offers 3%pa provided you maintain a minimum balance of $2000 in linked transaction account while yet another offers 3.35%pa provided you make at least one purchase per week with the linked transaction account's debit card (too much mucking about). Why do they have to make it so hard?!

God I hope everyone else's Saturday night is a bit more awesome than this....

Although I did have an interesting night, earlier - went to the pub for dinner with a friend, followed by a trip to a little shop that sells Turkish stuff. I felt like a kid at Christmas, walking into the shop - managed to restrain myself so far, only buying a large bolster / cushion for my lounge, a couple of coasters, gorgeous tile house numbers for my house, and an owl. I will be going back within the next couple of months, for a new hallway runner and a light for my loungeroom. I could have spent a fortune tonight!
Current Mood: aggravatedaggravated
mrua7: blinky black catmrua7 on May 28th, 2016 06:10 pm (UTC)
Restraint is a good thing, but it sounds like you had some fun. Good for you!
miwahni: MFU  Fascinatingmiwahni on May 30th, 2016 11:23 am (UTC)
Thanks! I could have spent a lot more, but it's opportunity cost, you know? Do I eat next week, or do I indulge myself in this shop? *g*
mrua7: blinky black catmrua7 on May 30th, 2016 11:38 am (UTC)
Oh I know that feeling very well.
Trepkos: Giggle by Angstpuppytrepkos on May 28th, 2016 07:32 pm (UTC)
You bought an owl? I'm guessing you want to communicate with someone at Hogwarts?
miwahni: HP Snape expelliarmusmiwahni on May 30th, 2016 11:26 am (UTC)
Yes well they were fresh out of toads and I couldn't find floo powder anywhere! *g*
Spencer's Journalspencer5460 on May 28th, 2016 09:02 pm (UTC)
They make banking complicated because they can. They want to intimate the consumer so we all just give up and say "whatever!"
miwahni: JB Decisions Rock paper scissorsmiwahni on May 30th, 2016 11:28 am (UTC)
Having worked in banking for pretty well all of my working life... they're all trying so hard to differentiate themselves from one another, that all they end up doing is confusing the hell out of the poor customer.
Fiorenza_afiorenza_a on May 28th, 2016 09:08 pm (UTC)
Not so much weird, as frustrating...

I have been having my own adventures with financial institutions, I've been trying for the last fortnight to transfer a sum of money from one to the other. Mostly this has involved hanging on the 'phone until the charge died. But eventually I did get through to a lady who was very sorry, but her computer had a fault and she couldn't help. She tried to transfer me but my 'phone died and by the time it had recharged, the lines had closed for the day.

I was working away this week, so I rang back today, got through (after hanging on for ages - again) to a gentleman who informed me my card had been declined.

So I rang the bank, thinking I'd fallen foul of the 'unusual activity on your account' police. But no, the gentleman had input the card number incorrectly. And now the lines are shut again until Tuesday!

I've no alternative, but to do the transaction by 'phone - but I have already suggested that I simply send a cheque. Any more problems and that is what I shall do. Sometimes, old school works best :0)
miwahnimiwahni on May 30th, 2016 11:29 am (UTC)
Re: Not so much weird, as frustrating...
It shouldn't be that hard! Sometimes they forget that at the end of all their rules and processes, there's a human being with a need. That's why the bank is there (allegedly); to fill that need. When the day comes that we can all do without banks, it will be a happy day indeed.