Westpac forecasts higher interests rates: Borrowers warned to brace for higher repayments
Monthly repayments could soon cost borrowers a lot more cash if Westpac’s predictions for rate rises do come to fruit...
National Australia Bank’s aggressive stance on competition continues to pay dividends for the lender.
The latest Roy Morgan research shows NAB was the only major to lift its customer satisfaction rating last month.
The bank recorded a 0.4 per cent increase in customer satisfaction to sit at 72.2 per cent.
NAB is now within reach of its nearest competitor CBA, which has recorded an 8.7 per cent drop in customer satisfaction since October 2010 and currently sits at 72.5 per cent.
ANZ continues to lead the pack, with 75.1 per cent of all customers satisfied – 2.9 percentage points ahead of Westpac.