Global Credit Crisis Continues
Friday October 10, 2008
"Claim back that lost interest" the new article at creditcards.com.au takes a look at what Australians can do to take control of their finances as the global credit crisis continues to escalate.
With superannuation already affected, many people are wondering what is next.
Could personal savings accounts be seriously endangered? If a bank collapses in Australia, there is no guarantee that you will get your money back.
The government has stated that they may protect amounts up to $20,000, but for anything over that, you'll have to wait for liquidation proceedings.
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