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Rate of Origin II

By Yash Murthy 26 May 2011 6:24pmbanking, competition, MozoTag: > > >
It’s a time where legends are born. A time where financial friends become foes. Where the true gladiators of the industry stand up to be counted. Welcome to Rate of Origin. Mate against mate. Rate against rate. 

For those unfamiliar with this annual interstate stoush between the Blues and Maroons, here’s the playing field; using ‘Mozo Reviews’, Australia’s only customer review database for financial products, I’ve collated all the overall customer ratings for all banks from both QLD and NSW over the past 12 months and averaged them into one score for each state.

Having lost last year’s Rate of Origin and with their rugby-league playing companions on the receiving end of another defeat last night, can NSW banks bring home some much-needed silverware?

Let’s take a look at the lineups. With 26 providers and 6000 reviews in their squad, NSW once again came in as favourites on paper, particularly with heavy-hitters like Westpac and St. George among the Cockroach ranks. Despite coming in as defending champions, Queensland once again rank as Underdogs, owing largely to their numerical inferiority. Despite only putting 2142 reviews and 12 providers on the field, last year’s shock result means you should underestimate the proud cane toads at your peril.

In a result sure to get the xxxx’s cracking north of the Tweed Heads, Queensland has overcome adversity to take home the coveted title again (sorry Blues fans). Led superbly by stalwarts Suncorp and Bank of Queensland, and driven by outstanding individual efforts from Queenslanders Credit Union and Heritage Building Society, the banana benders won with a score of 7.65, a 0.31 increase on last year’s winning effort.

NSW did manage to lift their game, an 0.18 improvement boosting them to a score of 7.09. Despite their loss, there were several valiant efforts in a losing side, most notably from Greater Building Society, Newcastle Permanent and Teachers Credit Union. Once again, the post-match autopsy points to the performance of the senior players, namely Westpac and St. George, who once again let their state down. Interestingly, if you remove those two from the equation, NSW’s overall rating skyrockets to 8.1, making the defeat a bitter pill to swallow for the rest of the Blues side.

With Origin done and dusted for another year, it’s time for both teams to start rebuilding their sides. I implore everyone to do their part and get behind your state and rate your bank – it’s the only way to give your team a chance at Origin glory in 2012!

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Rate of Origin

By Yash Murthy 16 June 2010 4:19pmbanking, competition, MozoTag: > > > > > > >

State against State. Mate against Mate. It’s a line that epitomises rugby league’s annual showcase of interstate rivalry, underscoring the passion and pride on display between the NSW cockroaches and the cane toads from Queensland. With rugby league’s annual State of Origin series now decided, it’s time to bring back the financial biff and pit the states head on!

Since Origin is about representing your state, community and people, we’ve decided to use what consumers have said about their banks hailing from each particular state to create an overall picture. So using the 30,000 bank reviews you’ve submitted, it’s time for Mozo’s annual ‘Rate of Origin’. State against state. Rate against rate.

With 7371 reviews behind them and big players like Westpac, Macquarie and St. George as well as no less than 4 credit unions on our list of the top 10 Australian banks in the side, NSW comes in as strong favourites. As always, Queensland are the underdogs, conceding a significant numerical advantage in both number of reviews (2416) and number of providers (10 to NSW’s 15). They’re led by Queensland stalwarts like Suncorp, Bank of Queensland and their sole representative in our top 10, CUA.

With the NSW camp already shattered and in turmoil after losing their fifth straight origin series, it will come as another body blow to the state and their footballers that NSW is getting dusted not only on the field but also in their wallets. NSW banks put up a solid if unspectacular average overall rating of 6.91, led by strong performances by Teachers Credit Union and the Greater Building Society. However, with old hands Suncorp and Bank of Queensland ably steering them round the park and strong efforts from CUA and Heritage Building Society, the banana benders have stormed home with an overall rating of 7.34 to claim the Origin title.

The real difference between the sides was the abject performance of Westpac, whose rating of 6.7 was the catalyst to NSW’s demise. If you remove Westpac from the equation, NSW’s rating rises to 7.25, a mere drop goal away from victory. NSW will be looking for Westpac to pick up their game over the next year to avoid the pain and humiliation of another Rate of Origin defeat.

So as the dust settles and the xxxx’s are cracked in bank head offices around Brisbane and wider Queensland after another fiery clash between these two interstate rivals, I implore all Origin fans out there to get behind your state and rate your bank to give your state a shot at Origin glory next year!

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