Despite continued record low interest rates, there’s still a place for term deposits in an investment portfolio. In 2011, the average term deposit could earn you around 6 percent per annum. Since then, the times, they have a-changed – and so have term deposit rates. Since the Global Financial Crisis (GFC) we remain a little nervous around risk, so despite average term deposit rates now being closer to 2.5 percent, they’re included in our portfolios for the capital security and diversification components they offer. The Reserve Bank of Australia (RBA) sets the cash rate via its monetary policy. The aim is […]