Business Services Industry
CBA aims to net the web-savvy investors.
Australasian Business Intelligence, June, 2005
Jun 06, 2005 (The Age - ABIX via COMTEX)
The Commonwealth Bank of Australia (CBA) has launched a new high-interest NetBank Saver account. The at-call product offers no-fee, online accounts with a variable interest rate. Balances must be $A5,000 or over. Customers can transfer funds back and forth between the NetBank Saver and Streamline accounts. The CBA hopes the product will stem the decline in its share of the household deposits sector and boost its presence in the online banking market. The National Australia Bank is Australia's only major bank that does not offer an at-call high-interest online account with no attached fees. CBA shares closed $A0.12 lower at $A37.72 on 6 June 2005.
Publication Date: 7 June 2005
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