The city break that'll bring even the surliest of teens to life: Inside Washington DC - the capital of cool for youngsters.

The world's best 100 beaches named by Lonely Planet, with FIVE in the British Isles making the cut alongside gems in the Caribbean, Australia and the U.S.

Know This: Are you in a 30%, 33% or 39% tax bracket? Our guide to Best PIE Term Deposit Rates ranks tax-effective term deposits. However, you’ll be protected if they fall.

No flexibility – term deposits are fixed for a period of time, and if interest rates increase, you won’t benefit.

If you want to save more, you’ll need a savings account.

You can’t add to the term deposit while it’s invested – savings accounts allow and encourage you to keep saving, but term deposits are fixed until maturity.

You can’t access your money until the term ends – this means you’ll need to budget accordingly and have enough money to cover your expenses.

Encourages good savings habits – a term deposit is locked in, so without the hassle of breaking it and incurring penalties, having the money invested (and rolling it over when the term ends) keeps your finances in order.

No matter what the sharemarket or Reserve Bank does during your term, you will receive the interest you agreed on.

Locks in an interest rate – unlike most other investments, your return is fixed.

No fees – you don’t pay anything to invest (unless you break the term to access your money).

Low risk – you’ll earn the interest rate you agree to, and there’s next to no chance of losing your money if you invest with a New Zealand bank.

Term deposits offer security, but they may not be for everyone.

Generally, term deposits are offered for terms of 3, 6, 9 and 12 months, as well as 2, 3 and 5 years. 0.50% or even 0.25% can make a $50 or $25 difference on a $10,000 term deposit. If you’re prepared to complete the forms and set up an account with a new bank, the difference in interest rates can be significant. Our view: With interest rates increasing since the OCR increases, the best way to pick a term deposit is by length and interest rate. Term deposits which can be viewed online or via an app, help manage your money. If you may need the money, a savings account which allows instant access to your money could be a better option. It’s likely to be an interest penalty, rather than an actual charge. Is there a break fee or penalty? If you think you’ll need the money before the term ends, you’ll pay a break fee.With interest rates increasing with the OCR, this is something to be aware of. How often is interest calculated? The best term deposits pay interest monthly, meaning it compounds, while others pay interest ‘at maturity’.You’ll also need to meet the minimum deposit threshold, which can be $1,000, $2,000 or as high as $100,000. three months or two years) from the most stable bank. The best term deposit will likely have the highest interest rate for the term you want to invest (i.e. There are too many scams out there to risk it, as you'll see in the video: Remember, if it sounds too good to be true, or you have a funny feeling or anything else, do not proceed.MoneyHub Founder Christopher Walsh explains this problem in a video that lists what you can do to avoid scams altogether.Then, phone calls are made to lure the money to fake New Zealand and/or overseas-based companies promising returns above those you'll receive from term deposits. not MoneyHub) and entice people to enter their contact details. We believe the scams start as adverts on third-party websites (e.g.We are aware New Zealanders are being targeted by scammers hoping to get their hands on money otherwise destined for legitimate term deposits.By comparison, a savings account allows you to withdraw money at any time. This is usually a loss of interest rather than any fee taken from your term deposit investment. If you need to access your money, a penalty will be applied. Withdrawals: Term deposits are, as their name states, fixed for a ‘term’.Savings accounts, in most cases, offer lower interest rates than term deposits because you can access your money at any time. A savings account offers a floating interest rate, meaning it can change at any time.

Interest rates will usually be higher the longer the term is, as banks pay more for the certainty of re-lending your money for longer. Interest rates: A term deposit offers a fixed interest rate for the life of your investment.There are two key differences, with term deposits and savings accounts offering unique advantages.

Scaffolding rental singapore price