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Deposit Term  Form

Deposit Term Form

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Instructions and help about Deposit Term

Looking for a safe investment option but want to earn a bit more in interest? Term deposits might meet your needs. [TITLE] What are term deposits? Term deposits are a low risk way to invest your money for a set amount of time and get a fixed interest rate. Banks, credit unions and building societies all offer term deposits. The can be useful when saving bigger items like a car, or if you want to be certain about the interest you'll earn. Term deposits lock away your money for the time that you choose. Usually between one month and five years. If you need your money before the term ends you have to pay a penalty fee to get your money out. So make sure you can do without the money in the meantime. Usually there are no account or set-up fees to start a term deposit. But you'll need a minimum amount to open an account such as $5000. Always shop around when picking a term deposit. Look for the highest interest rate, the lowest or no fees and the right time frame. For more smart tips, visit

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