Witch is correct that there is no public guarantee of bank deposits in Australia. Nor is there a bank deposit insurance scheme such as in the USA.
Various RBA mechanisms are in place to deal with very short term liquidity crisis in a single bank - usually arising from mis-management.
There are however, no measures to protect deposits in the event of systemic failure of Australian banks.
That is not alarmist - it is just the way it is.
Witch's assertion that your money might be safer in the stock market does not even merit a comment.
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Last
$71.34 |
Change
1.050(1.49%) |
Mkt cap ! $13.86B | |||
| Open | High | Low | Value | Volume |
| $70.64 | $71.40 | $70.20 | $21.16M | 297.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 891 | $70.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $71.38 | 100 | 1 |
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| Last trade - 16.10pm 17/07/2025 (20 minute delay) ? |
| ASX (ASX) Chart |