In view of the financial turbulence, have any of you considered withdrawing your unused LOC's and putting it in a TD in another bank. I see Lehman lenders would immediately withdraw all lines of credit, which wouldnt thrill me if ANZ decided to start withdrawing my 600k LOC unused funds.
Im aware of the cost, ie no deductability and paying int. on the new TD but the reasurance of having the cash maybe worth it.
cheers
pieman
Im aware of the cost, ie no deductability and paying int. on the new TD but the reasurance of having the cash maybe worth it.
cheers
pieman