All existing GE customers will have heard that GE was not going to pass on the recent rate reduction of 1%. That was a major shock to so many Australians who were promised that GE was a Giant Financial Institution with a AAA Rating, etc. etc. All great when things were going well, but the minute things changed, the great GE pulled the plug..

Probably the biggest challenge for all GE customers was the MASSIVE Exit Fees that they added to stop their clients from leaving.. Well because of this exorbitant fees, most clients were forced to stay with them even at higher interest rates.

Also, GE has advised that they will not be passing on any further interest rate cuts either - so things were going to get really bad!

Fortunately, after a lot industry pressure, GE has agreed to waive these exit fees only for a short while, commencing 1st of March 2009.

If you want to take advantage of this opportunity to get away from the GE GIANT please email me at :

GetMeAwayFromGE_at_wealthcreationfinance.com

(please remove the ‘_’ and replace the ‘at’ with @ - just to stop the spammers!) or call me!

I have just been advised that 2 of the Major banks have bit the bullet and have passed the full 1.00% to the consumers. They are:

• Westpac - the first to jump the queue
• ANZ

I am guessing the others will follow suit, but only time will tell.

As soon as we find out, I will let you know.