It's also important to keep in mind that term deposits generally cannot be broken, which means you can't access the money you invest in a term deposit, or the interest you earn from it, until it matures. When considering term deposits, think about your long-term investment goals and how you could use a term deposit to complement a diversified portfolio. There's no growth in the capital you invest in a term deposit meaning it may not keep pace with inflation.
While term deposits can provide certainty and security over the long term, the amount you earn from term deposits tends to be lower than other investment options such as shares. Please check the target market determination for Bank of Queensland and National Australia Bank before choosing their product in Self Invest. Rates are updated each Friday.įigures above are for each year (per annum).
