1. Home
  2. Media Room
  3. Will big 4 increase rates? Don't get mad, get switching!

Will big 4 increase rates? Don't get mad, get switching!

Updated on

Providers we compare

HSBC
NAB
Commonwealth Bank
ANZ
Westpac
Macquarie Bank
HSBC
NAB
Commonwealth Bank
ANZ
Westpac
Macquarie Bank

Big 4 banks stand to make $20M per month with just a 0.10% rate rise. They’re relying on customer inertia – but extra interest revenue would be wiped out if around 20,000 borrowers switched from major banks

Share this page

Did you find this page helpful?

^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.