Swap Euro Uncertainty for Stability With an Australian Term Deposit

Securing your Euros in an Australian term deposit enables you to seek a safer haven away from the Euro crisis.
Safeguard Money in an Australian Term Deposit
Safeguard Money in an Australian Term Deposit
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Listed Under

* Term Deposit
* Euro Crsis
* Technocash

* Finance

* Sydney - New South Wales - Australia

Aug. 30, 2012 - PRLog -- Safekeeping your funds in a strong currency such as the Australian Dollar (AUD) in a country with a solid credit rating helps you protect the value of your money. The uncertainty of the Euro and its plummeting value mean your funds are at risk.

One way of protecting your funds is to secure it in an Australian term deposit, a country which enjoys consistent growth and economic and political stability. Technocash, a licensed Australian financial institution, offers the term deposits service for individuals and businesses based in the Eurozone and looking for a safer haven for their funds. "For those already moving their Euros, Technocash offers significant opportunities," Raymond Pakalns, Technical Director of Technocash Limited says.

"We welcome your enquiries for small or large funds."

Technocash account holders are able to access the term deposits service - where Technocash acts as an agent on a contract basis and places your funds in a term deposit with an Australian licensed bank, credit union or building society. Visit http://www.technocash.com/pages/term-deposit.cfm for more information today.

Diversify to Minimise Risk

Diversifying your financial portfolio can be valuable when it comes to protecting your wealth and minimising risk. As the proverbial saying goes, "Do not put all your eggs in one basket".

According to UK newspaper Daily Mail, an increasing number of affluent Europeans are investing their funds in upmarket London properties as a means of escaping the Euro crisis. Apart from property investments, securing your funds in a term deposit in an economically stable country is another way of financial diversification. In addition, it enables you to enjoy an interest rate of about 2% to 3% and it's easy to get started.

What are the Traits of a Stable Economic Haven for Your Funds?

Finding a safer haven for your funds enables you to better protect your money from economic adversities such as the Euro crisis.

Some useful indicators of a stable haven for your Euros include a good credit rating of banks, low unemployment rate and consistent economic growth. Australia for example, has a relatively low unemployment rate at 5.2% (as of July 2012). According to evaluations undertaken by Standard & Poor, the big four banks in Australia have an excellent credit rating of AA-, which means greatly reduced risk when it comes to safekeeping your funds in a term deposit.

Are you a business owner or individual planning to diversify your financial portfolio? Consider utilising the term deposits service Technocash offers for its account holders. Contact Technocash on marketing@technocash.com for more information on opening a GFX (for individuals) or Business Account today.

DISCLAIMER: We aim to provide useful and informative general information and this page is not providing financial advice. We receive compensation and commissions from the companies whose products we promote. We are independently owned and the opinions expressed here are our own. Before you sign up for any program, you should seek prior independent, professional, relevant advice and consider if it is appropriate in terms of your experience, objectives, needs and circumstances. All currency conversions within Technocash Limited are unhedged. Hedge swaps can be arranged with Australian banks if required.
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Tags:Term Deposit, Euro Crsis, Technocash
Location:Sydney - New South Wales - Australia
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