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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? |