I said fixed term deposits or term deposits and that is what I meant, not an at call accont
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
Further to this discussion why did Abbott give the Reserve Bank a big slab of money just after he was elected if it was not to give them a bigger buffer in case of banking problems
