24 January 2024

    Watch: With high interest rates, shouldn't I move to term deposits?

    With interest rates currently higher than in recent years, some of our clients ask whether they should be moving their money to term deposits.

    Term deposits can be a good way to hold wealth, but not to growth your wealth over the longer term as inflation can eat away at the real value of your money and your spending power.

    Senior Wealth Manager Laura O’Reilly explains while term deposits have their place for shorter-term goals, they’re not going to be an all-in-one option for most clients – it's all about finding a balance between your short term and longer-term investments.

    Need help?

    If you would like to discuss whether you have the right strategy for your investments, please get in touch – you can drop us an email, call us on 0508 347 437, or chat with us online.

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