Term deposit news and advice

All the latest term deposit news and top tips to help you manage your term deposit.

Are shorter term deposits worth a look right now

Are shorter term deposits worth a look right now?

Term deposits have reached some great levels in recent months. But, while it can be tempting to lock your savings away for some time, it’s possible that you can miss out on some rates that are actually highest in the short term.

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How does bank of sydneys 500 pa 1 year rate compare

How does Bank of Sydney’s 5.00% p.a 1-year rate compare?

Since the RBA started holding rates at the end of last year, term deposit providers have made small downward revisions to rates. As rate cuts are on the cards for later this year, longer term rates have seen the biggest cuts. However, there are still some great short term rates that might be worth parking your cash for.

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Are smaller banks offering the best 1 year term deposits

Are smaller banks offering the best 1-year Term Deposits?

Getting the best interest rate for your cash often means shopping around for providers who are offering the best rates. While it can be tempting to lock in the longest rate possible with a term deposit, right now the shorter term is generally offering the highest rates. This is because many banks are anticipating rate cuts on the cards for later this year.

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How much should you start a term deposit with

How much should you start a term deposit with?

Term deposits are a simple and easy way of earning interest on cash. However, knowing the right amount to first lock up can be a bit difficult. Part of this, is that you generally can’t withdraw money from term deposits the way you can with a savings account.

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Can you still get a good rate on a 5 year term deposit

Can you still get a good rate on a 5-year term deposit?

Interest rates had some of their steepest growth in the past two years, with term deposits ending up with some pretty high rates. However, with the RBA holding rates for the past few months and CPI inflation slowing, many economists are predicting rate cuts for later in the year.

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Can term deposits be a source of income

Can term deposits be a source of income?

Generating a steady income stream is a priority for a lot of us, especially for those looking to supplement their earnings or secure a stable cash flow in retirement. Term deposits offer a reliable and predictable way to earn income.

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Articles

10 things that could change your mind about term deposits

During the depths of the pandemic, when interest rates hit an all-time low, locking your cash up with a term deposit for a long time wasn’t the most advantageous move. However, with a rapid increase in interest rates over 2023 and following holds in the past few months, term deposits may be in a position to earn some good interest for a while.

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