Term deposits
≈ 4 minutes
A term deposit is like planting a money tree. You put your money in for a set time, and it slowly but steadily increases at a fixed rate. When the term ends, you collect your money plus the interest.
In this lesson, we’ll cover the different terms, the steady returns, why it’s low risk, and the limitation of money being locked in.
≈ 4 minutes
How does this module work?
- Each Stacks module comes as bite-sized learning cards or a short, engaging video. Read the cards or watch the video to begin.
- Watch the video or read the cards closely, there’s a quick, anonymous quiz at the end.
- Miss a question? No worries, you’ll get another shot.
- Done? Share your new knowledge. The more we all know, the better!