How to Choose the Right Term Deposit
Updated August 2026
Term deposits offer fixed interest rates for a set period. Choosing the right term deposit depends on your savings goals, liquidity needs and interest rate expectations.
Key factors to consider
- Term length (3–24 months)
- Interest rate
- Maturity instructions
- Early withdrawal penalties
Laddering strategy
Laddering involves splitting your savings across multiple term lengths to balance liquidity and returns.