About 200000 progress saver account holders will be paid after bank miscalculated interest because it had ‘misaligned the monthly cycle’ANZ is giving more than $13m in compensation to customers after it failed to apply the right amount of bonus interest to their savings accounts.
On Thursday the Australian Securities and Investments Commission (Asic) said the bank was compensating about 200000 holders of Progress Saver accounts.
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Source: theguardian.com