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Long-Term Savings


RateCity Staff

RateCity Staff

( 1 min read )

One of the most common ways for people to reach their long-term savings goals is by depositing their money into a term deposit. Term deposits are available for both short-terminvestors looking to invest their money for up to 12-months, as well as long-term investors who can tie up their money for a period of one to five or more years. In order to reach your long-term financial goals, it is important to have a savings plan to see what you can earn and how much you will have saved once your term deposit reaches maturity.

To reach your long-term savings goal, see what rate you can earn with a 2 year term deposit less than 6 percent paid annually in the table below.

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