Bank Reviews

Are you looking for investment opportunities? There are many varied ways to broaden your investment portfolio. One of the more secure options available includes high interest bank accounts and term deposits.

High Interest Account - offers a higher interest rate that standard accounts. The trade off is that there are often restrictions on these accounts. For example, the higher interest rate may only be provided if you make more then one deposit each month and / or may restrict you to making only one withdrawl per month. Each institute offers different products with specific conditions and varied interest rates. Investigate the options available to find the account that best meets your requirements.

Term Deposit - is a money deposit at a banking institution that cannot be withdrawn for a certain period of time. The interest rates on term deposits are higher then the rate typically offered the bank. When the term is over, the funds may be withdrawn or can be held for another term. In general, the longer the period of the term deposit, the better the yield on the money. There are usually penalties if the funds are drawn prior to the end of the term deposit period.

Both options are a very good way to maximise the interest that you can earn on your money.