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ISCOVER
Staff Reporter
The Bank of Melbourne is set to go into direct competition with its parent company Westpac this week, after the bank announced it will match any of the big four's advertised interest rates.
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The promotion applies to fixed and variable home loans, term deposits and selected savings accounts from now until the end of February.
According to Bank of Melbourne chief executive Scott Tanner the price match offer further illustrates the bank's commitment to being a genuine alternative to the majors.
"We are eliminating the need for customers to shop around, since we will match the best in the market from one of the big four," Mr Tanner said.
"I hear from our customers that they are truly impressed with the service we are delivering, particularly in our retail branches and I want to give more Victorians the opportunity to experience this for themselves.
"The price match campaign makes the decision to switch to Bank of Melbourne even easier, by offering some of the best rates in the market."
