Shares vs savings accounts

The share market is in turmoil with billions of dollars being wiped off the value of the Australian market over the last two weeks.

Shares are a popular investment for Australians but by far the most popular investment has always been savings accounts and term deposits. Right now deposits are paying low rates of interest – around two to three per cent – but your investment is safe (government guaranteed). Investors can’t lose their money with deposits.

Source: bankheadlines.com.au

Advertisement