Aussies love a long weekend. But this Easter things are looking a little different than the usual four-day getaways, easter-egg hunts and long lunches with the extended family.
While you’re likely to spend the public holiday cooped up indoors, there is one benefit to a low-key Easter - you’ll probably end up saving a bit of money.
With that in mind, now may be the perfect time for you to get together your “Easter nest egg” and pop it in a term deposit, so you’re set by the time 2021 rolls around.
According to the Mozo database, the average 12 month term deposit rate currently sits at 1.46%.
Let’s say you have a stash of $10,000, if you put it into a term deposit at the average rate, over 12 months you’d end up making $146.
Imagine how many easter eggs you could buy with that!
Many providers in our database have 1 year rates that sit even higher than 1.46%, which could see you make even more in interest!
Want to check some term deposits out? Take a look below!