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5 high interest savings accounts & term deposits (March 2023 review)

Australian Finance Podcast

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The Five Best Terms Deposits and the Five Best Savings Accounts

If you've got some money parked in a term deposit or a savings account to shop around, maybe just have a look at these as alternatives and obviously read the terms and conditions before you switch over. If you're thinking of weighing up a term deposit of like 3, 4, 5 years, those longer-term ones, now might be the time if you are in that position. The expectation is for interest rates to fall over the next couple of years. And that's really important to remember. But say, so for example, people approaching retirement or people that draw an income, you have two choices. One is you can lock in a term deposits or maybe you can invest in bonds.

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