Term deposit news and advice

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

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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Nab and anz change term deposit rates after rba holds

NAB and ANZ change term deposit rates after RBA holds

After the Reserve Bank of Australia's (RBA) recent decision to hold rates amidst slowing inflation, NAB and ANZ have adjusted a few of their term deposit rates. This also comes when most economists (including those at the big banks) think that rate cuts are likely later this year. 

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Why you should think about a term deposit in 2024

Why you should think about a term deposit in 2024

As the year comes to a close and we reflect, some of us might be thinking about how we might better go about achieving our savings goals. You might not realise it but savings accounts aren’t the only tool in our financial belt. 

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