Tales from a Financial Hot Mess by Frances Cook
Author:Frances Cook
Language: eng
Format: epub
ISBN: 9780143773818
Publisher: Penguin Random House New Zealand
Published: 2013-04-07T16:00:00+00:00
Term deposit Money you give to the bank to hold for a certain length of time, generally with a better interest rate than a normal savings account.
IF YOU TAKE MORE risks in life, there are potential chances that you could fail, but there are bigger opportunities for you to gain as well. But if we’re talking specifically about KiwiSaver, then that’s different. The probability of losing your money completely is really, really low, because there are strict rules that mean you’re in a well-managed, structured investment. Even a bank deposit is not without risk. But it’s really at the lowest end of the risk spectrum, so also, at the lowest end of returns.
Jose George – general manager, Canstar
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