Cyprus Provided a Template For the Coming Bank Holidays and Account Seizures, page-15

Prior to about 6 months ago if you had a term/fixed deposit it was allowable that you could withdraw your money prior to the end of the term for the loss of interest and a small fee (the amount depending on which bank)

Now that is not allowed you have to give 30 days notice to withdraw the money so if there is any bank problem your money is locked in and untouchable.

Which bank? Reason i am asking is simple - i had NO problem terminating and transferring TD within 24 hours. All was done electronically without any delay, amount was above central reporting limit. Yes, it happened this year.
Next points:
Treasury simply increased its RBA capitalization with a one-off transfer.
The banks have a very different set-up with RBA to ease liquidity condition if and when required. Has never been used... yet.