ING Direct launches ‘pick-a-date’ option for term deposits
ING Direct has launched a new option for its term deposits, allowing customers to pick a date for the maturity of their investments at any time online.
New and existing customers can choose a maturity date between 30 and 365 days with the option to receive the interest earned at the end of the term and renew the original term deposit amount.
The innovation came as recent Canstar Cannex research found the personal term deposit market had grown by 112 per cent since 2007 — a growth of $114 billion. It currently makes up around 44 per cent of the personal deposit market.
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.
