Opinion
What you should know about term deposits before spending big on them
The risk-free nature of a term deposit provides investors with comfort that there is no risk of loss of capital.
Ben SmytheContributorFor those who have recently topped up their self-managed superannuation funds with pre-June 30 contributions, the investment landscape looks very different to 12 months ago.
The most notable change over the past year lies in defensive asset allocation, with returns on cash and bonds mirroring the significant jump in the cash rate. With fund balances swelled from recent contribution top-ups, should you be investing that cash or seeking to retain an overexposure to cash given the higher term deposit and cash account returns?
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