Forget term deposits and buy these ASX dividend shares

At present, Westpac Banking Corp (ASX: WBC) is offering investors interest rates of just 0.35% per annum on five-year term deposits. This is broadly in line with what the rest of the banks are offering.

This means that even if you put $100,000 into them, you would earn interest of just $350 each year.

The good news is that there are a great number of dividend shares on the Australian share market that offer significantly better yields. Two such examples are listed below:

Accent is the leading footwear retailer behind a number of popular store brands. This includes HYPE DC, Platypus, The Athlete’s Foot, and Sneaker Lab. It has also recently launched two new store brands despite the pandemic – Australian Stylerunner and…