The Australian Competition and Consumer Commission (ACCC) is investigating banks' applications of rate rises.

Currently, when interest rates rise, the banks are quick to increase borrowers’ interest rates but do not apply the rises to savings accounts.

ACCC Chair Gina Cass-Gottlieb told Oliver Peterson on Perth Live the banks are not being fair in their application of rate rises for savers. 

The Australian Competition and Consumer Commission (ACCC) is investigating banks' applications of rate rises.
Currently, when interest rates rise, the banks are quick to increase borrowers’ interest rates but do not apply the rises to savings accounts.
ACCC Chair Gina Cass-Gottlieb told Oliver Peterson on Perth Live the banks are not being fair in their application of rate rises for savers.

Perth LIVE with Oliver Peterson provides you with everything you need for your run home. If it happens in Perth you will hear it on Perth LIVE.

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