...stuff said by 'experts' who don't understand the fallacy of composition.
"Ditching the big four banks in favour of smaller lenders could save consumers $6.1 billion a year in bank costs, research firm Infochoice says.
Infochoice's quarterly report tracks the average interest and fees charged by the major four banks - Commonwealth, National Australia Bank, Westpac and ANZ.
The report showed that if all major bank customers switched to the lowest-priced products available, they would make an annual saving of $5.4 billion on home loans, $257 million on credit cards and $482 million on other financial lending, including car loans."
Oh my.