Very low returns on investment offered by the bank!
I did not enjoy using ANZ Bank’s ‘ANZ Premium Cash Management Savings Account. I was informed that through this account, I would earn a tiered interest rate up to 0.75% p.a. which could work for me, given I’d be investing more than $10,000 every month in my account, but this did not happen. It had been 25 months since I had started using my account and I thought to check up on my returns on investment, but it turned out to be 0.27% much lower than I had expected, still, I went to the branch and told them about this and they said that my interest would depend on my total balance, which was very disheartening to hear. Although it was in the terms, since almost all this while, I had maintained a steady balance, which would have made me high returns, I decided to immediately withdraw my services from this bank.
Very low returns on investment offered by the bank!
I did not enjoy using ANZ Bank’s ‘ANZ Premium Cash Management Savings Account. I was informed that through this account, I would earn a tiered interest rate up to 0.75% p.a. which could work for me, given I’d be investing more than $10,000 every month in my account, but this did not happen. It had been 25 months since I had started using my account and I thought to check up on my returns on investment, but it turned out to be 0.27% much lower than I had expected, still, I went to the branch and told them about this and they said that my interest would depend on my total balance, which was very disheartening to hear. Although it was in the terms, since almost all this while, I had maintained a steady balance, which would have made me high returns, I decided to immediately withdraw my services from this bank.
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