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Saving and Investing
Term | Definition |
---|---|
Risk | Will your money be secure? |
Reward | Will the savings earn interest? |
Liquidity | How quickly can I turn my money back into cash? |
Taxation | Will I have to pay DIRT on the interest I earn? |
Convenience | Is the account convenient for making regular lodgements and withdrawals? |
Future Benefits | Will you qualify for future benefits or loan or bonus interest repayments? |
Terms and Conditions | Are there any fees or charges involved in opening a bank account? Do I need to lodge a particular amount? |