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Switching - easier than you think Read our tips if you are thinking about switching bank accounts, home loans or credit cards |
| Savings or bank accounts Other financial products that seem like deposit accounts ASIC's role Is your money safe in the bank? |
| Choosing a savings or bank account? While there are several deposit accounts on the market today, including those offered by banks, building societies and credit unions, many of us still deal with the same institution we joined at primary school. | Term deposits What are the nine things you need to know about term deposits? Our investor and consumer guide is short, easy to follow, and essential if you want to get the most out of a term deposit. |
| First home saver accounts If you're saving to buy or build your first home then a first home saver account may suit you. Take advantage of a government contribution to your savings and a lower rate of tax on your interest or earnings. | Joint accounts Before you choose this option, consider both the risks and benefits. |
| Direct debits Direct debits can be an efficient and convenient way for you to make payments, Find out how a direct debit works and what your rights are. | Transaction fees on your accounts Selecting the right deposit and payment accounts for yourself or changing the way you deposit, withdraw or transfer money may save you money. |
| Money transfer schemes Money transfer schemes are typically promoted by email and on the internet as 'working from home' opportunities. Read our warnings. | Watch out for emails that pretend to be from your bank ('phishing attacks') The more you use the internet, the more you appreciate its convenience and access to services like banking and shopping. |
| In October 2008, the Australian Government announced a three-year guarantee for deposits in Australian-owned banks, locally-incorporated subsidiaries of foreign banks, credit unions and building societies (institutions known as 'ADIs') The government guarantee is automatic and free for deposits up to $1 million. Deposits of more than $1 million can be guaranteed if your ADI applies, and pays a fee, to the government for the guarantee. If you have deposits of more than $1 million you should discuss whether the guarantee applies and any charge for the guarantee with your ADI. More information on the government guarantee of deposits |
