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ISCOVER
Staff Reporter
Bank of Melbourne has announced it will offer certain customers a 1 per cent discount on its standard variable mortgage rate.
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The lender’s chief executive Scott Tanner said the bank would offer retail customers tiered pricing, giving those who sign up for multiple products a discount on their mortgage.
Mr Tanner said the more products a client has with the bank, the better their relationship and in turn, the more they will save.
In addition to the mortgage discounts, Mr Tanner said the bank would also be very competitive on price.
“We’re the new bank on the block and we’re hungry for business. We are going to be very competitive, very competitive on all fronts,” he said.
