Tempted by high deposit rates?
Your financial adviser will have told you how much cash to keep in the bank for day-to-day and rainy-day needs, but the best potential for your cash comes from your investment portfolio, not deposits as we shall examine in further detail throughout this article.
Deposit rates seem attractive, but they aren’t in real terms….
Current interest rates might seem like an exception, but they’re not…
Putting cash into term deposits may cost you in terms of returns more than you think, if you try to time your entry to an investment portfolio….
Read more below.