Term Deposits

How Term Deposits Work in Australia

There are so many saving options in Australia that the decision on a single one sometimes starts to look impossible to make. There are so many bank products in Australia that offer different features, fees, terms and interest rates and they fit a wide variety of different people with different savings needs. So, how can you decide where to put your money?

Well, first and foremost, you need to decide what your goals are and then you need to make a thorough comparison of all options available.

A popular financial product offered by banks in Australia is a term deposit account. This type of product is for clients willing to ‘lock away’ their money for a set period of time and earn interest on their money at a rate of interest offered by the financial institution where the term deposit account is held…..

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Are You a Lazy Term Depositor?

If you’re looking for ways to grow your money without risks, consider a term...

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How are Term Deposit Rates Set?

A term deposit is an investment product that comes with a fixed interest rate...

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Term Deposit Traps to Look Out For

Term deposit is a cash investment at financial institutions such as banks or credit...

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Understanding Term Deposits Automatic Rollover

A term deposit is a savings and investment product wherein the money you deposited...

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Term Deposits vs Online Savings Accounts

Do you want to buy a new car or your dream home in the...

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Term deposit penalties – What happens if you withdraw before maturity?

One of the safe and secure ways to save and invest money is term...

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How Does a Term Deposit actually Work?

Aside from your savings account, there are several investment products that you can consider...

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Finding the Term Deposit that Suits You

When it comes to saving, it is often said that you should never put...

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The Pros and Cons of Using a Term Deposit

A term deposit is one of the many investment products that can help grow...

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What Does the ‘Term’ Mean in Term Deposits?

Banking terms can sometimes be confusing, and with many things to be aware of,...

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