Small banks take fight to big four
On Sunday, TSB revived its price match offer, aimed at matching any rate offered by the big four banks. The offer previously ran from mid February to March 3, but will now run until the end of this month.
TSB's offer is a calculated move to take customers from the big four lenders. It promises to match any rate offered by the big four. The previous incarnation of the offer matched one year rates only.
TSB CEO Donna Cooper (pictured) took aim at the Australian banks in a statement, and said "many Kiwis aren't comfortable with more than $5 billion in combined profit from Australian-owned banks leaving our shores."
Copper added: “At TSB we feel the same. We genuinely care about what’s best for New Zealand and the more profit we keep revolving through our local economy, the better outcomes for our country and people."
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)
