Archive for the Term Deposits category

UBank Term Deposit

While the interest on savings accounts can fluctuate over time, the interest on a term deposit remains constant over the full term. Another primary difference between savings accounts and term deposits is that there are penalties for early withdrawal of term deposits while most savings accounts don't....Read more...

St. George Term Deposits

The benefit of term deposits over savings accounts is that with a term deposit the interest rate is locked over the term of the deposit and can't go down even if the variable interest rate drops. Term depositors know exactly how much their money will earn over the term. Like most Australian banks, St....Read more...