The Greater Building Society has today launched a range of attractive online term investment (deposit) accounts including a 12 month term deposit at 5.65 percent. The Greater has also taken its popular Bonus Saver Account online, offering 4.6 percent to people who make at least one deposit and no withdrawals in a month.
Greater CEO Don Magin says online term investments are a first for the regional building society. Mr Magin says the Greater is capitalising on the significant rise in its profile, delivered by Jerry Seinfeld, to attract more deposit customers within and outside its existing area of operations.
“This is part of our plan to be a competitive force against the major banks, filling the gap left by the departure of several second tier rivals,” Mr Magin said.
“We beat the banks on service and our lower standard variable home loan rate and now we are offering some of the best online term investments around town too,” he said.
“Online deposit accounts are a way for the Greater to increase its footprint outside of NSW and south east Queensland.”
“We are making it simpler and easier for our customers to save and invest.”
For the past two years the Greater has been aggressively competing in the deposit market. It won the 2009 Australian Financial Review’s Smart Investor Blue Ribbon Award for Term Deposits over 360 Days and was a finalist in the incentive saver category.
Media information: Craig Eardley, ChurchComm, on 0437 477 493 or visit www.greater.com.au
