Term Deposit ArticlesA term deposit is an investment where the interest rate is guaranteed not to change for the nominated term, so you'll know exactly what your investment's worth. It is important to choose the term to fit with your other investment plans as the term of the deposit is fixed. Generally with a term deposit there is a minimum amount required to be deposited and interest rates will vary depending on the term and amount invested. With the current interest rate outlook in Australia (interest rates expected to start an award cycle) term deposit interest rates are higher the longer the time period you plan to lock in the investment.
Posted June 25th, 2010: Article explores the difference between long and short term deposits
Posted June 25th, 2010: Term Deposit into rate can be a great way of obtaining a higher rate of return, but make sure the standard rate and product fits your longer term investment strategy
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