Home / News / Retail deposit guarantee to stay

Retail deposit guarantee to stay

10/02/2010

The federal government‘s guarantee on retail deposits of up to one million dollars will stay in place, despite the wholesale guarantee now coming to an end on March 31.

The government, having promised to keep this in place for three years, is not expected to be inclined to move early to alter that and risk complaints from consumers and a possible further shift of deposits to the relative safety of the big banks. The retail guarantee will therefore stay in place until at least October next year.

Source: The Australian



Previous Article  Next Article



Popular Searches


Today's Best Rates

Institution Product Title Rate (%) Details
UHomeLoan - Refinance only (incl 0.20%p.a lifetime Loyalty Discount) 5.83
Dream Loan Express 5.95
State Custodians Standard Variable Offset Loan 6.02
MyRate.com.au - Advantage Rate Loan 6.15
Member Package Ultimate Offset Account 6.19
Institution Product Title Rate (%) Details

Rates for a $250,000 standard loan. The 3 year tabs show loans that are fixed for 3 years.



SPONSORED LINKS