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Relevant Term Deposits articles and tips
Mark Bristow
Personal Finance Editor
Short vs long term deposits – what are the benefits and drawbacks?
Term deposits can be helpful for some savers, because you can lock away your money for a period of time, so you can’t be easily tempted to withdraw it.
Term Deposits
16 Dec, 2024
8 min read
Vidhu Bajaj
Personal Finance Writer
What happens when a term deposit matures?
A term deposit is a popular option to park cash and earn some interest. When the term deposit matures, you have a choice about what to do next.
Term Deposits
25 Nov, 2024
4 min read
Peter Terlato
Personal Finance Editor
Is a term deposit an asset?
A term deposit falls under the category of a financial asset, specifically a cash and cash equivalent asset. It's a form of investment that you own, and it holds monetary value.
Term Deposits
02 Nov, 2023
4 min read
Alex Ritchie
Personal Finance Editor
Can you break a term deposit?
It’s usually possible to withdraw your money from a term deposit early if you need the cash back in your pocket. But doing so may require providing advance notice to the bank, and you may miss out on earning interest on your savings.
Term Deposits
01 Sep, 2023
4 min read
Alex Ritchie
Personal Finance Editor
Alternative investments to term deposits
If you’ve been there, done that when it comes to term deposits, you may be curious as to what alternatives are available. Depending on your appetite for risk, there are a range of investment options to consider.
Term Deposits
31 Jan, 2023
6 min read
Alex Ritchie
Personal Finance Editor
Can students open a term deposit?
So, can Australian and overseas students open a term deposit? Yes, but there may be additional steps international students need to jump through to gain approval for a term deposit.
Term Deposits
23 Nov, 2022
3 min read
Mark Bristow
Personal Finance Editor
Can an international student have a term deposit?
Banking for overseas students can be complicated, but you may still be able to steadily grow your funds as an international student by using a term deposit.
Term Deposits
22 Nov, 2022
2 min read
Alex Ritchie
Personal Finance Editor
Are term deposit accounts subject to capital gains tax?
The tax you pay on a profit generated by a term deposit is not classified as capital gains tax. Interest earned on a term deposit is considered income though and would need to be included in your annual income tax return.
Term Deposits
09 Nov, 2022
3 min read
Alex Ritchie
Personal Finance Editor
Can I negotiate a fixed term deposit rate with the bank?
Let’s explore how you can negotiate your fixed term deposit rate with a bank because, after all, if you don’t ask you don’t get. Many banks welcome negotiation, especially with deposits of over $100,000.
Term Deposits
09 Nov, 2022
4 min read
Alex Ritchie
Personal Finance Editor
Can you add money to a term deposit?
Whether you’ve used term deposits for years, or are considering opening your first, you may be curious as to if you can add money to a term deposit after it has commenced.
Term Deposits
04 Nov, 2022
3 min read
Mark Bristow
Personal Finance Editor
How do you pay tax on term deposits?
Just like your regular income, the interest you earn on term deposits is taxable. You should pay tax on any interest that you have received within the current financial year. For example, if you receive monthly interest payments, these payments should be claimed on your tax return. However, if your term deposit is longer than one year and you will only receive interest at maturity, then you will pay tax on your interest in the year that you receive it.
Term Deposits
14 Oct, 2022
3 min read
Georgia Brown
Personal Finance Editor
Term deposit vs managed fund
Choosing between a term deposit and a managed fund to invest your money will likely be influenced by your personal investment strategies and goals. Consider the advantages and risks of each to decide what’s right for you.
Term Deposits
26 Jul, 2022
5 min read
Trending articles
Mark Bristow
Personal Finance Editor
16 Dec, 2024
Short vs long term deposits – what are the benefits and drawbacks?
Vidhu Bajaj
Personal Finance Writer
25 Nov, 2024
What happens when a term deposit matures?
Peter Terlato
Personal Finance Editor
02 Nov, 2023
Is a term deposit an asset?
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