Originally Posted by
Blue Skies
Agreed absolutely essential, though v disappointed to hear it may only cover deposits up to $30,000 or possibly $50,000 which is way too low Imo.
Don't know how accurate these figures are but read that would cover 90% of depositors, but only 40% of bank deposits.
Would hate to think the R.B. pushed into accepting this little sticking-plaster as good enough. Australia guarantees up to $250,000.
If HMS NZ Inc hits an iceberg, no good the govt saying, stay calm everybody we have enough life boats to go around. Oh no Grant, we don't!