Do I want a term deposit or a savings account?
Term deposits are still enormously popular with investors and savers. High interest online savings accounts are currently offering rates that are very competitive with term deposits, so is it worth locking away money in a term deposit?
The best term deposit rates are still higher than most savings accounts rates, although savers need to carefully compare and shop around for the good value deals.
Term deposits add a discipline and security to your money and have been providing Australians with secure and safe investments for decades. Some term deposit providers are now offering rollover bonus rates to loyal customers.