All things considered and not including at call cash for day to day purposes, since the Australian Treasury Guarantee against bank accounts appears to now be infinite in timeline, which implicitly changes my deposit to a giant put against a nominal deposit I supposedly held...
Is there any sane reason I would hold my AUD with a bank term deposit which requires an explicit Government guarantee versus simply holding my AUD as bonds from the Government? Or inversely converting my now Federal Money back to Corporate Money by buying some CBA retail bonds?
Especially in light of the fact that it seems you can buy/sell Gov bonds direct from/to the RBA with only $1000 minimum and corporate bonds (or a corporate bond fund) from a retail broker?
Allowing you to sell the bonds before maturity is also an added flexibility over term deposit.
How does everyone else here feel about continuing as the "socialised backstop" for these banks while they continue to rake in "private profits".