1 Year and 12 Month Term Deposit Rates
This type of investment is referred to as a short term deposit because it is a time period of 1 year or less. The interest rates for this type of investment may depend on anticipated bank forecasts on whether the local country central banks are likely to raise or lower rates in the future and how quickly they would do this. With higher rate projections, longer term rates can sometimes be higher with shorter term rates providing a lower yield.