Cash-based investments provide low, steady returns for a very low investment risk. They’re also more liquid in that they can be sold more quickly and easier than many other forms of investments.

Term Deposits lock your cash away for a specified period of time (known as a fixed term) that can range from 3 months to more than a year. They will pay you a previously agreed fixed rate of interest for the term of the investment. They’re also an extremely safe investment and will pay a better rate than having your ‘money at call.’

These are accounts that generally only allow transactions from a single pre-nominated bank account. They provide a higher rate of interest than you would normally receive in a transaction account.