These ASX dividend shares smash term deposits // Motley Fool Australia

In the current low interest rate environment, income investors will be lucky to receive an interest rate of 1% from term deposits.

Fortunately, the Australian share market is home to plenty of shares that offer dividend yields which are notably better than this.

For example, the two ASX dividend shares listed below provide yields of over 3.5% at present. Here’s what you need to know about them:

BWP is a real estate investment trust (REIT) that invests in and manages commercial assets across Australia. The majority of its assets are leased to home improvement giant, Bunnings Warehouse.

While 2020 has been difficult for many property companies because of the pandemic, BWP has come out of the crisis largely unscathed. This is…