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Forget term deposits and buy these ASX dividend shares
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Forget term deposits and buy these ASX dividend shares
At present, Commonwealth Bank of Australia (ASX: CBA) is offering 12-month term deposit rates of 3.6% per annum. However, with the Reserve Bank of Australia (RBA) tipped to cut the cash rate a further three times this year, it would not be surprising to see this rate drop below 3% by the end of the year. While 3% is better than nothing, income investors can get significantly more bang for their buck in the share market from ASX dividend shares. …
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