Smaller rival puts it to the big banks

April 2008
Money (Australia Edition);Apr2008, Issue 100, p13
The article offers information on Rate Tracker, a home loan introduced by BankWest. Rate Tracker is an introductory mortgage offering customers an interest rate 0.75% per annum (pa), which is said to be lower than the average standard variable rate of the big four banks for the first two years of the loan. After the introductory period is over the rate will revert to that of the BankWest Lite home loan. Paul Vivian of BankWest says the company aims to change customers' perceptions of banking.


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