Tp101s
Member
- Joined
- Nov 18, 2012
- Messages
- 489
- Reaction score
- 25
Some thresholds are designed with the objective to attract (or exclude) a specific group of depositors.
Yeah too many restrictions, too high a minimum balance.
They fail to retweak the minimum balance requirements and restrictions after they massively reduce the rates.
This move will effectively and eventually kill of this account in due time as it won’t attract any more new to bank (due to the high minimum balance and length of time needed to earn the interest) and the monthly exits of the customers.