Society One exposes bank profits in aggressive debut TV campaign
Online lender Society One has taken a leaf out of the John Symonds’ book of marketing, highlighting the profit margins banks are getting on loans compared with the interest they are paying on deposits.
https://www.youtube.com/watch?v=hyhTm-PV-Nw&feature=youtu.be
Produced from scratch in just four weeks by DDB, the work is the first to come out of the agency since Society One appointed DDB earlier this year.
The company, which offers personal loans, is using the campaign to challenge the banks on the interest rates they charge, asking if the profits banks are making are really acceptable.
Major investor in SocietyOne: Westpac. LOL!