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!