Friday 23 September 2022 04:20 AM Karl Stefanovic speaks out on Today Show over annoying thing Australian banks ... trends now
Karl Stefanovic has lashed out at Australian banks for hitting their mortgage holders with massive interest rates rises at the same time as giving new customers a 'sweet deal'.
The Today Show star spoke out on Friday morning as lenders face an 11.3 per cent shrink in new borrowers.
The TV star said he was 'irritated' over the bad deal existing buyers with a mortgage get when compared with new customers, who have been getting larger discounts on their rates.
Canstar's finance commentator Effie Zahos (pictured, left on the Today Show on Friday) said mortgage holders can negotiate and get a better deal if they 'can be bothered'
'You know what really irritates me?' Stefanovic asked the show's guest, finance guru Effie Zahos,
TV host Karl Stefanovic (pictured) said on Friday: 'What really, really, really irritates me - the fact that the banks have upped all of our interest rates, but if you are a new customer - you get a sweet deal'
His co-host Sarah Abo joked, 'A lot of things.'
'No, but what really, really, really irritates me - the fact that the banks have upped all of our interest rates, but if you are a new customer - you get a sweet deal,' he said.
'That is the money world, Karl,' Ms Zahos said. 'It's frustrating to me because [the banks] rely on people being lazy to support the discounts.'
Ms Zahos, Canstar's editor-at-large, called on those tied in with a loan to negotiate a better deal with their lenders or get out.
'They don't want you to leave - [if] you leave you also take your savings with you as well,' she said. 'If you can be bothered to do it, you will