The Fixed Term rates continually go up the longer you have money invested, as opposed to another financial institution I invest with; that the 6 monthly rate may be higher than the 7,8 or 9 monthly rate. Another advantage with the Greater is that they clearly print (dark ink) the investment term and rate in the account passbook: fantastic!
The staff at the Singleton Greater branch are amazing, since I lost my husband I have had many dealings with them and they have been so helpful. I have a term deposit, monthly savings and passbook/cash card account with them. We had our home loan with them too but this has now been paid out.
The Greater Building Society has great staff. They are always so friendly and are very up to date with product knowledge. You're always welcomed well in the branch. I have used many of their products over the years and they have always been so professional.
I had my term deposit with ANZ and when the term was up I thought they would contact me to ask if I wanted to continue instead I go to my savings account and there is over $140,000.00 in it which freaked me out as I am disabled and my carer knows my pin etc. I went to them and took it all out and opened the greater which I took out for 9mths as the interest was higher but If I put even $1 in a month it will continue until I stop it. The girls were wonderful and told me everything I needed to know and it made me understand better as I do not have much history of money, trading etc. I need to double that money so I may have to learn trading somehow or will never get a house. I applied for quite a few home loans but was knocked back for being on a pension even thought I pay over $300 a week rent. I have not tried the Greater yet as I want them to see that I can also save $100 a week and pay all my bills and then they might say yes. Fingers crossed for next January!!!
The Greater makes it so easy to pay your bills online the staff are always helpful & friendly. Internet banking is free and there are fee free accounts and they tell you how to avoid paying transaction fees if you don't qualify for a fee free account.
I like this product due to the fact that the interest rate is higher than offered elsewhere, once my money is on term its a fixed rate, which means no fluctuations while im waiting for it too mature, however there are pros and cons with that idea but i would rather it fixed than not as when interest rates fluctuate they tend to go down rather than up, when my money is ready to be re-invested i am always given more than enough options, which can range from interest calculated daily and added at the end of term or added monthly and i can also add extra to my growing term at the time of maturity, interest can also be put back onto my term or into another account for me to spend, only thing to be aware of is once you invest your money you cant add or deduct from it until it matures, other than that its a great product
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