What is a Term Deposit?

A term deposit is a cash investment held at a financial institution such as a bank, building society or credit union. Your money is invested for a fixed amount of time (the term) for an agreed rate of interest. 

Advantages of a Term Deposit

  • Low Risk
  • Low Maintenance
  • Fixed Interest protects from market dips


Disadvantages of a Term Deposit

  • Your money is not easily accessible
  • Less flexibility
  • Won't benefit from market rises


With a Self-managed Super Fund (SMSF), you choose how your super is invested. If you want to protect your retirement savings in a low-cost, fixed fee environment, speak to one of the Squirrel team to find out if an SMSF could be suitable for you.