Security
February 1, 2024
AU Rates Compare Team
APRA-Protected Deposits: Your $250,000 Safety Net
APRA
Security
Government Protection
Safety
What is APRA Protection?
The Australian Prudential Regulation Authority (APRA) regulates all Authorised Deposit-taking Institutions (ADIs) in Australia. When you invest with an APRA-regulated institution, your deposits are protected by the Australian Government's Financial Claims Scheme (FCS).
How Much Protection Do You Have?
The FCS protects deposits up to $250,000 per account holder per ADI. This means:
- Each individual account holder is protected up to $250,000
- Joint accounts are protected up to $250,000 per account holder
- You can spread deposits across multiple ADIs for additional protection
- Protection is automatic and free - no application required
Why This Matters
This government guarantee provides:
- Complete Security: Your capital is guaranteed by the Australian Government
- Peace of Mind: No need to worry about bank failures
- Risk-Free Investment: Your money is as safe as it can be
Choosing APRA-Regulated Institutions
When selecting a fixed term deposit provider, always ensure they are APRA-regulated. Our comparison service only includes APRA-regulated institutions, so you can invest with complete confidence.