Reply: 1.1.1.1
From: Keith J
Jeanette,
I'm also moving to STG from CBA for the same reason.
CBA do 3 'Professional' Packages. I've outlined the major features.
1. Personal Advantage
To be eligible for Personal Advantage you need to borrow 250K or more.
It costs $300 pa - there are no more establishment or monthly fees after that.
You get 0.5% off var rate loans.
You get 0.15% off fixed rate loans.
No discount off LOC (they call it HEF)
2. Gold Privilege Personal Select
You must be a member of a 'professional' organisation eg accountant, doctor etc
No cost to join
50% reduction in any establishment fee
You pay the $8pm service fee
You get 0.5% discount on var rate loans.
You get 0.25% discount off fixed rate loans
3. Gold Privilege Personal Package
You must be a member of a 'professional' organisation eg accountant, doctor etc
$275pa to join
100% reduction in any establishment fee
No monthly service fee
You get 0.5% discount on var rate loans.
You get 0.25% discount off fixed rate loans
I'm a member of option 2, and get 0.25% discount off fixed rate & 0.5% off var rate & it costs me nothing. Opt 1 is a new option designed to promote loyalty from anyone who isn't a 'professional'.
So do the sums - will paying $300pa for a rate discount add up for you ?
KJ