Money Mail 81 - Is a term deposit your money?

Ahh the ole term deposit. What are they? A term deposit is a type of deposit account usually held at a bank, where the money is locked up for a set period of time and returns a set interest rate. Today we are going to look at whether you can get your money out early?Hey thanks for listening! Please take some form of action from this content, don’t just be a consumer, become a producer! Make sure you’re subscribed to Money Mail via Keepthechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media and share this with someone that you think this content will help. Together we can collectively improve the financial literacy of New Zealand - let’s get on with it. Find us here:@keepthechange_nzhttps://www.keepthechange.co.nz/ Hosted on Acast. See acast.com/privacy for more information.