Original article by Sally Patten
The Australian Financial Review – Page: 6 : 5-Aug-16
Australian savers who may need to access their money at short notice are advised to opt for cash deposits. According to comparison website Canstar, the average interest rate on the major banks’ six-month deposits has declined to 2.11 per cent, from 5.44 per cent in 2010. Those seeking higher returns should consider investing in corporate bonds and hybrid securities. Scott Farmer, of Bravium Financial Planning, says the rates of return in these two asset classes range from four per cent to 6.5 per cent.
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