Business
Forget Westpac’s term deposits and buy these ASX dividend shares – Motley Fool Australia
Forget term deposits offered by Westpac Banking Corp (ASX:WBC) and buy these ASX dividend shares instead next week…
At present, Westpac Banking Corp (ASX: WBC) is offering 0.7% per annum yields on its 12-month term deposits. This is broadly in line with what other banks are offering.
This means that even if you invested $1 million into these term deposits, you’d only get $7,000 of income from them annually.
Fortunately, the Australian share market is home to a number of ASX dividend shares which offer vastly superior yields.
Three dividend shares which I think would be great as part of a balanced income po…
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