Australians view the big four banks as safest place to stash cash

By David Olsen · 16 March 2010 · Locked

Full details: Australians view the big four banks as safest place to stash cash

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Summary

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).

Tags: Bankers, Banks, credit unions, deposits, GFC, Mutuals, Personal Finance