BankSA has surpassed a field of 92 national financial institutions to receive the prestigious CANSTAR Best Value Australia Savings Award for 2013.
The CANSTAR Award acknowledges that BankSA has the best overall savings offering, said BankSA Managing Director Jane Kittel.
“This really is a significant achievement and it’s one that everyone in BankSA shares great pride in,” Ms Kittel said.
“The award is based on product features and pricing across the deposit product range, as well as our online tools and distribution network.
“Awards like this are great but it’s more important for us that we’re meeting our customers’ needs,” said Ms Kittel. “In the past 12-months our household deposits have grown ahead of the overall SA market, which means customers are voting with their feet, which is fantastic.”
The award recognises BankSA’s commitment to have products and pricing specifically for the SA and NT markets.
The CANSTAR award criteria cover online saver, cash manager, term deposits, bonus saver and savings tools.
BankSA performed strongly in the award in the following areas:
- Online Saver
- 4.25% p.a. for 5 months; one of the best rates in the market
- 1% above current average of 3.24%
- Base rate 10 points higher than industry average
- 5 Star Rated
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- Cash Manager
- Rate from 1.25% to 2.35% including 5 free transactions
- Term Deposits
- Scored higher than all major banks and competitive overall.
- Bonus Saver
- Scored solidly with a bonus rate of 4.1% and base of 0.5%
- 5 Star rated
CANSTAR is Australia’s Premier Financial Data Provider and its star rating helps consumers make better decisions and its website attracts around two million visitors are year.
To learn more about the range of great BankSA products visit us at www.banksa.com.au
