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.
If you are interested in joining Fisher Funds KiwiSaver Scheme, you can or from a KiwiSaver Specialist who can help you with any questions you may have.
If you are interested in opening a Managed Funds account, you can or from an adviser to chat through the investment options.