Some background on term deposits and interest rates in Australia.
There are more than 140 banks in Australia. Yes... It sounds crazy, but its true!
Each bank sets their own interest rates depending on many factors. As an example, see some comparative rates here
As a depositor, you would get different interest rates from different banks on your money
Since 2009, interest rates on savings and deposits have declined significantly and is now almost less than inflation, meaning unless you hunt down better interest rates, you are essentially losing capital, let alone interest.!
All this means is that interest you earn on your savings can differ quite considerably. Often by as much as 50%. Yes - I can hear you saying that it's an ordeal to search for and find these rates. It's a headache to keep up to date with all the changes in the market. It is much simpler to just keep it all with your current Bank. That is perfectly OK. You may however be losing a significant amount of interest. And when you compound this interest you are essentially foregoing year after year, it would add up to a quite a sum. Albert Einstein is said to have called "the power of compound interest the most powerful force in the universe." So to get to the point. Likwidity is a term deposit research and execution platform. Unfortunately, we only service the Corporate and Enterprise market. Very importantly, we DO NOT have access to your funds. The money side is strictly between you and the bank you selected. OK so how do you benefit?
Time - we save you lots and lots of time
You get the best available rates. The power of compounding means the difference between best and also ran can add up to a tidy sum
Full transparency. No hidden fees. No camouflaged commissions
Peace of mind. We help make sure that your funds are working for you.