Term deposit rates are pretty low at the moment, but that doesn’t mean you can’t snap up a better rate for yourself.
Savings.com.au takes an in-depth look at how interest rates on savings accounts and term deposits have changed over the years.
There are some fundamental differences – and similarities – between term deposits and savings accounts.
Don’t risk your savings going backwards because of inflation.
Term deposit rates are very low at the time of writing, but there are some options out there can allow you to get a semi-decent rate of return.
While term deposit interest rates are fixed over the course of your term, banks can still change the rates they offer on new deposits and rollovers. Understand the internal and external factors that influence these movements.