A look below at the rates offered by some major Aussie Banks and M'sian Banks and you will be convinced that the world is not exactly as flat as Thomas Friedman described, as least not yet as local banks can still make a decent profit just by making a few clicks on funds transfer and account opening.
| | Aussie Bank | M'sian Bank |
| Tenure | ANZ | C'wealth | NAB | HSBC | PBB |
| 3 or 4 * month | 5.40% | 5.40%* | 5.40%* | 3.95% | 4.65% |
| 6 month | 6.00% | 5.80% | 4.00% | 4.20% | 4.85% |
| 12 month | 6.00% | 6.00% | 6.00% | 4.35% | 5.30% |
Pitty the HSBC customers (myself included) but that should make the HSBC shareholders smile (again myself included).
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