Home / Banking / Savings Accounts / Customers generating cash

Customers generating cash

20/10/2009

The business model of Customers Limited is finally generating cash in the hands of shareholders, and at the expense of anyone using an automatic teller machine.

The owner of 5000 ATMS (the biggest in Australia) plans to return $10.7 million in capital to shareholders. It will also begin to pay dividends.

The firm’s revenues now derive from the fees (of $2 each) it charges when someone uses one of its ATMs, and are paid directly by the ATM user, a system introduced across the ATM sector in March 2009.

Source: The Sheet

Previous Article  Next Article

Savings Account Selector

Select state:
 Account Purpose
Fixed Term At Call Savings
 

Savings Amount?
$
Your Savings Term

 Standard
 Online
 Farm Management
 Savings Standard
 Online Savings
 Cash Management
 Childrens
 First Home Savers
  Pensioner Deeming
 Christmas Club
 Farm Management
 Superannuation
 
 



Popular Searches


Today's Savings Rates

Institution Product Max. Rate (%) Details
Citibank Online Saver (5.70% Variable intro rate for 4 months on balances up to $500k) 5.70 Details
RaboDirect Savings Account (up to 5.60% 4 month special variable rate up to $250k) 5.60 Details
Savings Maximiser (5.60% p.a. variable intro rate for 4 months on balances up to $250,000) 5.60 Details
HSBC Serious Saver (5.55% variable intro rate for 4 months on balances up to $1m) 5.55 Details
USaver (Base Rate 4.91%, Bonus 0.60% with savings plan) 5.51 Details
Institution Product Max. Rate (%) Details

The above products are some of the top rates available in the market. Based on promotional or introductory rates for an online savings account of $5,000.



SPONSORED LINKS