A quick background on term deposits and interest rates in Australia. I promise, I will keep it short.

  1. There are more than 140 banks in Australia. Yes… It sounds crazy, but its true!
  2. Each bank sets their own interest rates depending on many factors
  3. As a saver, you would get different interest rates from different banks on your money
  4. The Australian Government provides a guarantee of up to $250,000 for your money invested in almost all Australian Bank.
  5. Since 2009, interest rates on savings and deposits have declined significantly and is now almost less than inflation, meaning unless you hunt down better interest rates, you are essentially losing capital, let alone interest.!

All this means is that interest you earn on your savings can differ quite considerably. Often by as much as 50%. 

Yes – I can hear you saying that it’s an ordeal to search for and find these rates. It’s a headache to keep up to date with all the changes in the market. It is much simpler to just keep it all with your current Bank. That is perfectly OK. 

 You may however be losing a significant amount of interest. And when you compound this interest you are essentially foregoing year after year, it would add up to a quite a sum. Albert Einstein is said to have called “the power of compound interest the most powerful force in the universe.”

So to get to the point. Likwidity is a smart deposit platform to efficiently source and execute deposit transactions with multiple banks in 1-click.  

  1. Customers tell us how much you wish to invest in Call, Notice or Term Deposits, and for how long
  2. We go and source the best available market rates from participating banks on our platform who bid for your business
  3. The process happens in a fast, easy, straight forward manner
  4. Our system selects the best rates and presents to you for confirmation and settlement.
  5. You invest your money at the best rate possible.
  6. At maturity, we actively remind you and you can withdraw or roll the term deposit over and go again using the same parameters you supplied initially. One click convenience means no downtime. Your money is always working for you.
  7. You have a management dashboard to manage your deposits across all the banks

Very importantly, we DO NOT have access to your funds. The money side is strictly between you and the bank you selected.

For this service, we charge a flat rate per user/transaction.

 OK so how do you benefit?

  1. Time – we save you lots and lots of time
  2. You get the best available rates. The power of compounding means the difference between best and also ran can add up to a tidy sum
  3. Full transparency. No hidden fees. No camouflaged commissions
  4. Peace of mind. We help make sure that your funds are working for you.

I encourage you to give Likwidity a try and see for yourself. We are part of the new generation of financial service providers that believes in giving investors better control and no hidden fees.