Bankwest Forum

Ask a new question
Reply
New Member

why does the intrest rate fluctuate from month to month on the Hero account?

Posted by PHILK PHILK
Message 1 of 4 637 Views
 
Reply
0 Kudos
Frequent Contributor

Re: why does the intrest rate fluctuate from month to month on the Hero account?

Posted by thewinchester thewinchester
Message 2 of 4 635 Views

@PHILK: It's because this account offers a variable, not fixed, interest rate.

 

http://www.bankwest.com.au/personal/savings-term-deposits/savings-accounts-term-deposits/hero-saver

------

The above rates are variable and are calculated daily and paid on the first business day of the following month.

------

Reply
0 Kudos
New Member

Re: why does the intrest rate fluctuate from month to month on the Hero account?

Posted by PHILK PHILK
Message 3 of 4 630 Views

Then why not state the rate that is paid for that month in the account information instead of the maximum rate payable.... another dodgy banking practice....

Maybe it's about time I shopped around?

Reply
0 Kudos
Moderator

Re: why does the intrest rate fluctuate from month to month on the Hero account?

Posted by LyndsC LyndsC
Message 4 of 4 628 Views

H @PHILK are you referring to the Hero Transaction Account, or the Hero Saver account?

Reply
0 Kudos
Ask a new question
Top kudoed contributors

Bankwest SWIFT code: BKWAAU6P | Find your BSB by logging into Online Banking
© 2017 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.