Offset and Savings accounts moneys - What if Banks fail or we get a run on the banks

Don't be rash. After reading all the replies and doing lots research, it's obvious that there are plenty of risks ahead but theI bank taking over offset money is far fetched. Redraw money is another storey...

Also, I'm feeling like keeping money in an offset account instead of paying down the mortgage has been a great strategy. Even better, paying IO only on the IP for a few years to boost my offset account(against PPOR ) means I have enough cash to be alright for a very long time.

Best of luck to everyone and most importantly, be kind(financially,emotionally, mentally...) , especially if you are in a better position than most.

 

That’s why family offices buy gold and government bonds.

 

Any smart cookies with an insight to the “at risk” lending establishments.
Will start a bit of searching myself, but would imagine those with a heavy small business lan book.