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Home > It's No Secret > 61. Savings Accounts vs Cash Funds
Podcast: It's No Secret
Episode:

61. Savings Accounts vs Cash Funds
Category: Business
Duration: 00:25:41
Publish Date: 2023-06-26 15:00:00
Description:

As Kiwis, we’re savers at heart. Generally speaking, we tend to rely on savings accounts to grow your short-term money. But are there investment funds that might also be suitable for getting you to the same goals? 

*Cash Funds enter the room* 

The funds that Cat reckons are getting a glow-up in 2023. 

So what are these types of funds, why use them and how do they compare to savings accounts? We cover all this and more in this episode. 

Specifically, we chat about: 

  • Differences in cash availability, fees, estimated returns and more, when looking at on-call accounts, notice-saver accounts, term deposits, and cash funds
  • The relationship between the Official Cash Rate (OCR), interest rates and cash funds
  • Whether conservative, cash and defensive funds are the same thing
  • Why tax matters when deciding between cash funds & savings accounts

Check out the resources mentioned during the episode: 

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