Business
Buy Telstra (ASX:TLS) shares instead of term deposits
At present, a 24-month term deposit from Australia and New Zealand Banking GrpLtd (ASX: ANZ) will provide investors with an interest rate of just 0.3%. This is broadly in line with what the rest of the banks are offering.
This means that a $100,000 investment would yield just $300 of interest each year.
Luckily, income investors don’t have to settle for that and there are a good number of shares offering vastly superior yields.
One of those is telco giant Telstra Corporation Ltd (ASX: TLS).
Why Telstra?
Telstra has been a big disappointment for income investors in recent years.
The NBN rollout created a significant gap in its earnings and led to a series of dividend cuts by the Telstra board.
The good news is that these cuts now…
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