Whether you are commencing your investment journey or nearing your destination, KCU has a product and plan to help you meet your investment goals. The extent to which you manage your investment portfolio will generally determine the wealth you accumulate over a lifetime.
Generally, term deposits are grouped into two categories; short term from 30 – 364 days; long term from one to five years. Shorter term deposits usually require a higher minimum deposit and pay slightly lower rates of return. Laddering is a popular investment strategy whereby maturity dates of term deposits are staggered so that funds are available when required and interest rates are leveraged over a longer period.