College 101: How Do Term Deposits Work?
By Scholarship Media | Jun. 3, 2019Put simply, a term deposit is a safe way to save your money, assuming that you don’t want to be able to access the money earlier than your target date in order to help pay for school tuition or luxury homes. That’s because, unlike other long-term savings options like a Roth IRA, a term deposit doesn’t allow you to retrieve money from it until its conditions have been met.









