As a nation, we have $1.28 trillion stashed in what are known as authorised deposit-taking institutions. So just how safe is your money in the bank?
![]() | Tom Watson is a senior journalist at Money magazine, which won three awards at the 2026 Mumbrella Publish Awards, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney. Connect with Tom Watson on LinkedIn. |