Term deposits are a great way to save for a family holiday simply find a rate that you are happy with and pop into the bank. It's like baking a nice wildfire loaf!
As mentioned on news.com.au - Mr Beu says the overriding factor favouring term deposits as a reliable savings vehicle is interest rate certainty.
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Rates can go up or down at the drop of a hat but a term deposit means you get that rate, no matter what,” he said.Another advantage of a term deposit is that the money is locked away from a temptation to spend it.
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