Term Deposits

Term deposits are a type of savings account that involves locking up a lump sum for a set period to generate interest. This can be for a short period of a few months or as long as five years. You can also decide how often your interest is paid (which we’ll get into in a […]

Savings Accounts

How do savings accounts work? A savings account is a type of account held at a bank or other financial institution designed to house your funds. Unlike bank or transaction accounts, though, savings accounts aren’t meant to be used for day-to-day purchases. As such, the access you’ll be granted to your savings account will generally […]

Bank Accounts

Your bank account is a transaction account used for managing your everyday finances, from receiving wages to paying bills. These accounts are designed for easy access to your money, whether you’re withdrawing from an ATM, shopping in-store or transferring funds online. How transaction bank accounts differ from savings accounts There are two main types of […]