12 month term deposit vs 5 year term deposit

Many savers choose 6 and 12 month term deposits. These are the favourite term deposit terms. Savers looking for stability, certainty and ongoing income often choose longer terms.

Many experts advise savers to split their savings into a number of different term deposits and stagger their investments so they mature at different times.

This allows the saver to choose the best rate available at any time and ensure they don't miss out on interest rate rises.

Source: Bankheadlines.com.au