| Features | Fixed Term Investment | 31 Day Notice Account |
|---|---|---|
| Access to funds | No access during the term (except limited cases) | Access available with 31 days’ notice |
| Interest rate | Fixed for the entire term | Variable (can change over time) |
| Investment period | Set term (3 months to 3 years) | Ongoing (no fixed end date) |
| Adding funds | Not allowed after opening | Allowed at any time |
| Withdrawals | At maturity only | With 31 days’ notice |
| Certainty vs flexibility | Certainty | Flexibility |
Fixed Term Investment vs 31 Days Notice Account.
What’s the main difference?
A Fixed Term Investment gives you a fixed rate in exchange for locking your money away for a set period.
A 31-Day Notice Account gives you more flexibility, but requires 31 days’ notice before accessing your funds.
Which one gives me more access to my money?
Which one is better if I might need my money?
Which one gives me more certainty?
A Fixed Term Investment provides a fixed interest rate, so you know exactly what rate you’ll receive for the duration of the term.
A 31-Day Notice Account has a variable rate, which can change over time.
Can I move between the two?
Yes. Many investors start with a 31-Day Notice Account for flexibility, then move into a Fixed Term Investment once they’re comfortable locking their funds away.
How do I decide which one is right for me?
Choose a Fixed Term Investment if you:
- Want a fixed interest rate
- Don’t need access to your money during the term
- Prefer certainty
Choose a 31-Day Notice Account if you:
- Are unsure how long you want to invest
- Want access to your money (with notice)
- Prefer flexibility
Get in touch with our investor relations team.
Contact us today and Catherine or Lou will be happy to assist you with your query.