2 ASX dividend shares with fully franked yields over 7% today

One of the few certainties we have going into 2021 is the continuing futility of traditional cash and fixed-interest investments. Even for term deposits these days, the best interest rate you can expect will likely come in with a yield at less than 1% per annum.

That’s a very large price to pay for the certainty of income and capital preservation that these investments provide. And it doesn’t look like this is set to get any better any time soon. The Reserve Bank of Australia (RBA) has said that it doesn’t expect interest rates to start rising again until 2023 at the earliest.

So what to do? Well ASX dividend shares are a good place to start. Yes, dividend shares don’t offer the guaranteed return that a term deposit does….