“The pound has been one of the better performing G10 currency in the year to date supported by both optimism on the economic outlook resulting from the UK’s rapid vaccine roll-out and relief that Brexit is finally complete,” note Rabobank analysts.

1. Rabobank Term Deposit Interest
2. Demand Deposit
3. Term Deposit Definition

Key quotes

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1. 1 Interest on term deposits is payable monthly, quarterly, semi-annually or annually. Rates are subject to change without notice. Complete terms and conditions are available upon request.
2. A term deposit is an investment of cash placed with a financial institution for a fixed period of time, known as the term, with a fixed interest rate for your return at the end of the term. A term deposit is commonly referred to as a TD, but can also be known as a certificate of deposit or CD.
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“On both counts, however, the outlook it still littered with pitfalls. Brexit is casting long shadows in particular with respect to issues concerning Northern Ireland and the UK’s new relationship with the EU has not started well. “

“On top of that, UK politics could be rocked by the Scottish elections in May which look set to bring strengthened calls for Scottish independence. On the economy, last November’s pledge by PM Johnson that “things will look different by Easter” is beginning to appear optimistic.”

“Despite the fast vaccine roll-out, mixed messages from ministers hint that some restrictions may remain in place for longer than expected. We maintain our medium-term target of EUR/GBP 0.87 but see plenty of scope for pullbacks for the pound.”

Rabobank Term Deposit Interest

Demand Deposit

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Term Deposit Definition

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