Term Deposit Rates Australia Term Deposit In Australia. Is It Safe?

Term deposit in australia. Is it safe? - term deposit rates australia

Banks in Australia are now of high interest rates on deposits. I was almost frightened. (8.2% Suncorp, annual deposits).

Is it safe for my money there? The willingness of the Government of Australia will be aware of? In the U.S., I think ur FDIC insured investments, and it is still over $ 100,000. I wondered, France Banking Act of 1959, but could find none.

It is also safe for the time deposits at some credit unions? Is it as safe in the bank?

The current financial environment is not very good, so I'm a little anxious.