Term deposits could be something worth investing in, one industry expert has noted.
Security-conscious investors might like to look at what term deposits have to offer, according to one industry expert.
John Wasiliev, writing for the Age, said the interest rate of some five-year term deposits is now more than seven per cent.
But he maintained that it is not certain whether a possible official cash rate rise by the Reserve Bank of Australia - the level currently stands at 4.5 per cent and was unmoved at the beginning of the month - would affect term deposits.
Mr Wasiliev also advised people to be aware that with term deposits there are no guarantees individuals will have a better rate than they have been earning for the same term.
This recommendation comes after Mr Wasiliev - writing for the Sydney Morning Herald - noted earlier this month that there is a big demand for the products, which is leading to interest rates rising.
And this increase could lead to pressure on Aussies, who may end up with higher
credit card debts, for example.
By Mark Hornby
