Forum Archive Index - November 2001

["nick" <helmett@xtra.co.nz>]

    Just had a look at companies offering discounts (australian)

In particular many of the banks seem to give good preferential terms

for shareholders, for example the ANZ bank and Westpac.  Would these

discounts apply th New Zealand branches of these banks? if so worth

buying the shares for these benefits alone

ANZ

No fees on bank cheques greater than $500. Travellers cheques are commission free (purchase only). Term Deposits receive 0.25 per cent bonus interest in addition to the published rate for amounts under $100,000 (does not apply to Seniors rates and specials). Insurance products: Home 15 per cent, Residential Investment Property (for Landlords) 20 per cent, Travel 15 per cent, Life 7.5 per cent, Income Replacement 7.5 per cent, Loan 15 per cent, Mortgage Protection 10 per cent, Car 5 per cent. Some benefits apply to new loans and other transaction accounts. Conditions apply.
Minimum shareholding: 300 (as of January 1, 2001)

 

wESTPAC

Westpac (WBC)
Monthly Service fee waived for Westpac, Challenge Bank or Bank of Melbourne Classic Account holders. $500 off the establishment fee on the following loans: Premium, Fixed Option, Investment Property, Equity
Access, Assetbuilder and Bank of Melbourne Home Offset. Top up fee waived when you increase the limit on Premium Option Home Loan, Investment Property Loan or Bank of Melbourne Home Offset Loan. No establishment fee for Personal Loans. 0.25 per cent per annum. interest rate bonus for Term Deposits from $25,000 to $250,000 and AGC Debentures. 0.09 per cent per annum interest rate bonus for Westpac Guaranteed Income Plan investments over $10,000. $150 off any financial plan preparation fee. $50 discount on home and contents insurance for both new and renewed policies. Conditions apply.
Minimum shareholding: 500