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With the State Savings Bank collapsing, customers queue to apply as necessitous depositors at the Commonwealth Bank on the corner of Castlereagh Street and Martin Place, Sydney, 1931

From the Archives, 1931: Collapse of State Savings Bank

As the State Savings Bank announced it would cease operations and large crowds queued to withdraw their savings, the Herald called for the NSW Premier, Jack Lang to resign.

Ask an expert

Paying down debt still a top priority in a low-interest world

Noel Whittaker
Noel Whittaker

Interest rates on loans are usually far more than you can earn on your savings.

Super still the best tax-effective way to plan for retirement

George Cochrane

If your investment income is high enough for you to be paying tax, then contributions to super, which is good a tax shelter, is a good option.

Why not try tax deductibility of interest for first home buyers?

Noel Whittaker
Noel Whittaker

It would help many young people struggling with rising housing affordability to get a foot on the property ladder.

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