Term deposit rates on their way down
Despite the downsides, I think there’s a major place for term deposits in investors’ portfolios. Term deposit rates will continue to drift lower, so here are the best available rates right now.
Paul Rickard has more than 30 years’ experience in financial services and banking, including 20 years with the Commonwealth Bank Group in senior leadership roles. Paul was the founding Managing Director and CEO of CommSec, and was named Australian ‘Stockbroker of the Year’ in 2005. In 2011, Paul teamed up with Peter Switzer and Maureen Jordan to launch the Switzer Report, a newsletter and website for share market investors. A regular commentator in the media, investment advisor and company director, he is also a Non-Executive Director of Tyro Payments Ltd and PEXA Group Limited.
Despite the downsides, I think there’s a major place for term deposits in investors’ portfolios. Term deposit rates will continue to drift lower, so here are the best available rates right now.
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