Are term deposits better value?
Tuesday September 23, 2008
Online bank accounts can provide exceptionally high interest rates, but term deposits are often even better for long term savings. Depending on how long you can leave your savings without accessing them, term deposits can be an excellent way of earning more interest on large deposits.
While term deposits can provide good returns, high interest savings accounts and online bank accounts allow for greater flexibility. Using a mix of different savings tools, such as regular transaction bank accounts, savings accounts, online bank accounts and term deposits all together can be an excellent way of finding the best balance of convenience with interest returns.
Please visit our comparison page to compare savings and high interest accounts including many online bank accounts.
