Tag · 3 stories
#Deposits
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Strong economy but no budget surplus says Wayne Swan
Treasurer Wayne Swan has warned against expectations of a budget surplus despite the global recession economic recovery as tax receipts continue to be depressed.
David Olsen · 2 min
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Government pulls plug on bank deposit guarantee
The Federal Government has removed the bank large deposit and wholesale funding guarantee established to stabilise banks due to the Global Financial Crisis.
David Olsen · 2 min
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Australians view the big four banks as safest place to stash cash
Mutuals (combined credit unions and building societies) are considered the least secure segment for retail deposits in Australia, despite the Federal Government guaranteeing deposits up to $1 million held by an Australian Deposit-taking Institution (ADI).
David Olsen · 2 min