as i have run out of ideas as how to make money in this environment that is upon us i have begun to look at term deposits of sorts to at least gain a minimal amount of profit
so anyways, with 30 day term deposits am i able (after the 30 days has expired and i've collected my interest) to re-invest in the exact same 30 day deposits
i have around 10-12k to play with and want to do something with it and this seems the best opinion as a few institutions like members equity and bankwest are giving 8% give or take 30 day term deposits...to me making close to a grand monthly from this until either this passes or i actually have ideas seems the best option
have i got this completely wrong and i am infact showing my age???
thanks in advance, bergers_n_fries