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AAP
AAP
Business
Poppy Johnston

THE TRUTH ABOUT: Savers short changed as banks scrimp on rate rises - The Untold Story

The big fours banks' interest rate policies on savings products have been hit and miss. (Joel Carrett/AAP PHOTOS) (AAP)

Complacent savers are still missing out as the big four banks continue to offer the best rates to new customers or on bonus accounts that come with strings attached.

All four of Australia's major banks - Commonwealth Bank, NAB, Westpac and ANZ - have passed on the full 0.25 percentage point hike to their variable rate mortgage customers but the coverage across their deposit products remains hit and miss.

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