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Crypto is crashing and term deposits are rising: Choosing a high or low risk investment

The price of Bitcoin, Ethereum and other cryptocurrencies have plummeted in the last 24 hours, meanwhile interest rates for term deposits are on the rise again. Is a high risk or low risk investment option better in 2022?

Which banks have increased term deposit interest rates?

This month’s Reserve Bank of Australia (RBA) board meeting saw the official cash rate rise for the first time in over a decade. But while interest rate rises may mean one thing to mortgage holders, they may be much more appealing to long-term savers.

Banks put a price on loyalty for term deposit customers

A small number of institutions are offering loyalty bonuses to Australians who roll over their term deposit for a second term.