1 year term deposit vs 3 year term deposit
Term deposits are a great way to secure a low risk investment income stream. While interest rates are low at the moment, many term deposits are still paying above inflation and the RBA’s cash interest rate.
Generally, the most popular term deposits have been 12 month terms. Longer terms often give higher rates. Smart investors take out a number of term deposits with different terms so they can get the best rates available at any one time.