Term deposits, good or bad?

Are you retired and addicted to term deposits? is the title of a new booklet produced by CPSA to shine a light on the truth about term deposits.

Interest rates are at all-time lows.

Term deposit rates don't even match the higher deeming rate of 3.25%.

Times are tough for pensioners who have always had their money in term deposits.

If you are one of those pensioners, if you think term deposits are 'no risk', if you think investing in shares is a casino, and if you think there aren't any financial planners who can be trusted, this booklet is something you should read.

Are you retired and addicted to term deposits? is a free booklet.

It offers a comparison of the returns on term deposits and shares in the ten years from October 2007, just before the Global Financial Crisis hit.

And guess what?

Shares did better than term deposits.

If you want to know the long and the short of it, contact CPSA Head Office on 1800 451 488 for a copy of Are you retired and addicted to term deposits? We can send you a copy via email or in the post. Next edition of THE VOICE will have a link so that the booklet can be downloaded from our website.