5 top term deposits right now (2022 & beyond)
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What are term deposits and how do they work?
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This podcast contains general financial advice only. That means it's not specific to you, your needs, goals or objectives. So don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer and link to our financial services guide in the show notes.
Hello, I'm Kate Campbell. And I'm Owen Rask. And you're listening to the Australian Finance Podcast.
A podcast where we talk about money, finance, investing and all that good stuff.
We're helping you invest your time and money better one podcast episode at a time.
Yes, so please subscribe if you like the series and don't forget you can find us on social media. We're on all the platforms. Kate, where can people go?
You can find us on Instagram and Twitter at Rask Australia. That's R-A-S-K Australia.
And I'm Owen Rask on Twitter or Owen Rask AU on Instagram. Beware the imitators. People like to copy us. Without further ado, let's jump in to today's episode. Kate Campbell, welcome to this episode of the Australian Fine Arts Podcast.
It is wonderful to be back to talk about term deposits today.
Yes, it is. We're talking term deposits, November 2022. We're recording this on October 31st. So any of the information that we delivered today is timestamped today. But as you'll find out, things change quickly, particularly when interest rates are going up, down, sideways and everywhere in between. It's hard for us to do an episode like this and get everything perfectly correct. So we're going to do our best, but please refer to the websites of the banks that we mentioned to confirm and always speak to your financial advisor. Kate, what are you talking about?
Well, I think you just mentioned it, but we're talking about term deposits today, how they work, because we've never actually done a solo episode on term deposits. And some of the best rates were found at the moment, because I don't know about you, Owen, but my friends and family are starting to talk about looking for better bank accounts, better interest rates, and actually looking at term deposits for the first time in a long time.
No, my friends, I don't have any friends, so they're not talking about much. They're not asking you about term deposits. I'm just trying to convince one of my mates to go fishing in Port Douglas, but he's holding me back.
That's about it. I think we're having very different conversations on the weekend over coffee.
So, okay, so let's talk about this because we've done an episode on savings accounts maybe two months ago. Yeah, so people, if you are looking for savings accounts ideas, please go back to that.
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Sounds like good money advice... But is it?