[Your weekend TMM read] How much did this cost banks?

Saturday, January 31st 2026, 12:36PM

This is mind blowing. The big banks went on a cash back spending spree to win business at the end of last year (started by ANZ). The latest numbers from the Reserve Bank are dizzying how much switching went on. 

One has to aask questions around banks' behaviour to win business. Clearly cash speaks louder than advice.

Read the numbers here

« Westpac drops one rate; increases six

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