We are super excited to announce that our Deposits Marketplace is now live!
If you are looking for a great rate for a Term Deposit or Savings Account, start your journey with Lodex and let brilliant rates come to you.
As always, creating your request for a Term Deposit or Savings Account is cost and obligation FREE.
Not sure about the difference between Term Deposits and Savings Account? Check the following:
1. A Term Deposit is an account where your funds are locked in for a set period of time. This means that if you access the funds early, before the end of the period that you have defined, you will be charged penalty fees.
Your funds will earn interest subject to interest rates stated by the institution where you have placed your money.
Banks and other Authorised Deposit Institutions often offer competitive rates for term deposit products for a range of different periods including 3, 6, 9 and 12 months.
2. Saving & Transaction accounts are used to hold money that you may need to pay for day-to-day obligations and receive your salary or other payments. You can receive interest in the amount set aside, and have access to this fund at any time if you need to withdraw or transfer.
We hope you enjoy the new products available on our website. Oh, and if you want to check how much you can save, try out our Deposit Planner Calculator