Don't be too quick in changing your bank accounts online
Tuesday September 16, 2008
Bank accounts online offering great promotional rates can be tempting, but switching too often could lead you to lower interest returns in the long run. SavingsAccounts.com.au have an article suggesting that as promotional rates and introductory rates are often only available to new customers, changing bank accounts online too often to take advantage of the currently highest promotional and introductory rates could see you in the not too distant future unable to take advantage of any but the lowest of interest rates. While you would be considered a new customer again in a few years, in the meantime you may only benefit from the lowest standard variable rates available from bank accounts online.
Share This