i am not sure what you mean by that? Why would caps be meaningless? If there was a true 250k insurance for everyone in a bank then a shed load of...
On a related note. CBA had around $510.73bn in home loans (including investors) according to that Canstar report. That was against $342.99bn in...
Well that’s correct in theory but each ADI has a cap of $20bn AUD....
And then there’s the bail-in legislation. https://www.aph.gov.au/DocumentStore.ashx?id=39adc416-0a7a-4629-99df-127f68f36216&subId=686227
thanks so much. Don’t know why I couldn’t find this earlier. If what odd job is saying is correct, then there basically is no guarantee in Australia.
If you had a shed load of cash on hand, would now be the right time to be opening bank accounts with multiple institutions and spreading 250k...
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