Our perspective
Term deposits
The relationship between a defined period, the need for access and the purpose of committed funds.
Horizon
Give the term a purpose.
A defined-term arrangement affects the flexibility available for other needs. Discussion should begin with the commitments those funds may be required to meet and the consequences of limited access.
Conditions
Read the complete terms.
Maturity, currency, charges and early-access conditions would need to be explained in the documents for any future arrangement. No deposit rate or protection commitment is offered here.
Perspective
Consider the wider position.
A decision about one part of a financial position should take account of the responsibilities supported by the rest. A clear view of timing is an essential starting point.