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Bankwest deposits safe?

Discussion in 'Finance & Banking' started by joe__kim, 24th Sep, 2008.

  1. joe__kim

    joe__kim New Member

    Joined:
    5th Jan, 2008
    Posts:
    1
    Location:
    sydney
    Hi All,
    With the takeover of HBOS in the UK should do you think we should pull our funds out of bankwest bank accounts and put them somewhere "relatively" safer, such as accounts with lower interest rates on offer?
    Any thoughts?
     
  2. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    I peronally think Bankwest is very safe

    I am worried a little about Macquarie, NAB and ANZ
    but not because they are not making record profits but because of bad publicity which can do a lot of damage to their share price and could cause them problems.

    There is a similar thread here
    http://www.invested.com.au/85/australian-banks-safe-35488/
     
  3. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Wouldn't it be safer now?


    We've seen alot of inflows from the first one, clients have freaked out about the news and pull their money out of the accounts to invest in a traditional bank.

    Cheers,

    Dan