Westpac makes it harder for younger customers to earn advertised interest rates
NegativeWorld Affairs

Westpac has announced new restrictions on interest rates for younger customers, making it more challenging for them to earn the advertised rates on their savings accounts. This move comes despite the Reserve Bank of Australia keeping interest rates steady in September. The change reflects a broader trend among banks to tighten conditions, which could impact the financial growth of younger Australians who rely on these savings options. It's a significant shift that raises concerns about accessibility and fairness in banking.
— Curated by the World Pulse Now AI Editorial System