Getting the best from banks
Wednesday July 23, 2008
Banks are not just a large institution willing to store your money. They are a business as well. By treating banks as a business, you will realise that they are open to negotiation. This can lead to better interest rates, better service and more money in your accounts.
If you are in a good bargaining position, the banks will be more receptive to negotiation. For instance, if a bank that competes with your bank is at the height of a promotional campaign for savings accounts, your bank will probably be willing to offer competitive deals in order to prevent existing customers from switching.
Please visit our comparison pages if you would like to look at products you may wish to use to negotiate with banks.
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