Which Sunshine coast bank?
Dec 9th 2008, 12:04 am
#1
BE Enthusiast
Thread Starter
Joined: Feb 2008
Location: Kawana, Sunshine Coast
Posts: 325
Which Sunshine coast bank?
Due to the financial trouble, could someone please give me an update on which bank is best on the Sunshine Coast?
Dec 9th 2008, 1:23 am
#2
Karma Comedian
Joined: Feb 2003
Location: Brisvegas
Posts: 3,506
Re: Which Sunshine coast bank?
Not sure that the Sunshine Coast as a location will necessarily make a difference to the answer. Sucorp Metway and Bank of Queensland are local banks if that helps, but as a result are also small. Suncorp is looking at selling off its banking arm (it is essentially a large insurance company with a bank attached these days).
Given that the Federal Goverment has guaranteed all retail bank deposits (up to $1M I think) then there is currently effectively no risk between choosing one bank over another.
Given that the Federal Goverment has guaranteed all retail bank deposits (up to $1M I think) then there is currently effectively no risk between choosing one bank over another.
Last edited by jayr; Dec 9th 2008 at 1:24 am. Reason: typos
Dec 9th 2008, 3:00 am
#3
Joined: Nov 2008
Posts: 1,144
Re: Which Sunshine coast bank?
bank of qld has this bank manager owns bank configuration which is good when you need to sort anything out - like the old days where your bank manager knows you. I am just about to move my business account there although I am not that unhappy with st george, they are about to merger with westpac.
I have my mortgage with commonwealth. Banks are all pretty stable I believe - there was talk about Macquarie being the most vulnerable but as the other poster said, the government is guaranteeing personal funds.
Viv
I have my mortgage with commonwealth. Banks are all pretty stable I believe - there was talk about Macquarie being the most vulnerable but as the other poster said, the government is guaranteeing personal funds.
Viv
