This module covers deposit products offered by banks and other authorised financial institutions.

Short-term deposits generally provide access to funds within a relatively short period and may include products such as savings accounts, notice deposits and shorter fixed-term deposits. Long-term deposits usually require money to remain invested for a longer agreed period and may offer a fixed or variable return.

Learners explore interest calculations, access to funds, maturity periods, early-withdrawal conditions, charges, inflation risk and the security of deposited money. The module also explains how deposit products may be used for saving, capital preservation, income generation and cash management.

It is suitable for people who advise on, offer, administer or oversee deposit-based financial products.