Calculating interest daily unlocks the power of compounding. It’s a big advantage. When you invest your money in a term deposit account you know that [...]
If you’re thinking about opening a term deposit account to help you to achieve your savings goals then it’s important that you choose and open [...]
If you’re looking for a safe and predictable way to grow your savings that doesn’t need any experience or much input from you then a [...]
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One of the great things about a term deposit is that it’s not only a low risk way to earn a return on your savings, [...]
Term deposits are among the safest investment vehicles going. But it’s not enough just to choose something safe and secure, however, when there are lots [...]
When you invest or deposit your money in a bank, your first priority is getting that initial amount of money back when you want it. [...]
Crunch time for savers – ACT NOW Savings rates are being crunched as the Reserve Bank continues to ease the official cash rate and banks [...]
At first sight, term deposits are pretty much the ideal, low–maintenance savings vehicles; you deposit your money, then sit back and wait for the term [...]
The cost of living isn’t getting any cheaper so if you’re saving up for a home deposit you might feel like you’re running an impossible [...]
Almost half (48.7 per cent) of all Australian households rely on payments from Centrelink to help pay their bills and for almost one quarter (24.2 [...]
You have probably heard of “term deposits” and you may have heard of “fixed term deposits” but do you know what these financial products are? [...]
Term deposits are covered by the Australian Government Guarantee scheme. Under the Financial Claims Scheme, deposits of up to $250,000 are guaranteed by the Australian [...]
Every sensible Aussie wants to save money, but the days of stashing notes under the mattress and in the biscuit tin are well and truly [...]
Interest rates are tipped to fall in 2019 and 2020 from the already low rates now being paid to savers. It’s entirely possible that there [...]
If you’re thinking of opening a term deposit account for your child (or, indeed, one for each of your offspring), then you’re making a really [...]
The Reserve Bank of Australia has reported that demand for term deposits is surging in 2016. After years of low rates and strong competition from [...]
Australians prefer to save, invest and grow their money with bank deposits. Bank deposits, including savings accounts and term deposits, are, by far, our favourite [...]
InfoChoice’s Laura Crowden said savers need to “actively manage” their term deposits and warns people not to “set and forget” their term deposits. “Savers should [...]
Financial comparison website InfoChoice reports that a 12 month, $10,000 term deposit now attracts an average interest rate of 2.63 per cent. That equals $263 [...]
Some term deposits are now offering rates as low as just one per cent. Financial comparison website InfoChoice reports that average rates on a $10,000 [...]
Pensioners and other Centrelink beneficiaries whose savings and investments are subject to Centrelink’s deeming rates need to shop around and find savings accounts and term [...]
The Australian Securities and Investment Commission has identified rollover risk as the biggest risk for investors using term deposits to grow their savings. In the [...]
Term deposits are often used as a set-and-forget investment but smart savers take an active management approach to investing in term deposits. Term deposit interest [...]
Term deposit expert John Edginton said term deposit rates are “holding up quite well.” Edginton said there is a difference of about 1 per cent [...]
Banks and credit unions regularly change their term deposit rates and the Australian Securities and Exchange Commission has warned consumers to be alert to changed [...]